Dogecoin (DOGE), known as the largest meme coin by market cap, has exited a consolidation phase it was in for two weeks. This change coincides with the upcoming inauguration of former U.S. President Donald Trump set for January 20, 2024. A major Dogecoin whale has made headlines by purchasing 400 million DOGE.
This whale's $145 million bet on Dogecoin has fueled bullish sentiment and generated significant attention within the crypto community. The breakout from this critical support level suggests potential further price increases, with speculations abounding about DOGE reaching new heights. Investors and traders are now curious about the next moves and the potential impact on the market.
