Dogecoin (DOGE) is witnessing increased whale transactions, with an artificial intelligence (AI) tool projecting that such activity will likely help the token spike by almost 200% by year-end.
Indeed, according to data shared by on-chain cryptocurrency analytics platform Glassnode on April 11, Dogecoin whales accumulated 80 million DOGE in just 24 hours.
Historically, such transactions have often hinted at imminent price growth, as whale purchases tend to signal confidence in the asset. These transactions could boost Dogecoin, which has recently struggled with massive volatility.
As of press time, DOGE was trading at $0.17, having rallied over 6% in the past 24 hours. On the weekly chart, the meme coin is up 13%.
At the current price, Dogecoin is still trading well below its 50-day and 200-day simple moving averages (SMA), indicating a bearish trend in both the short and long term.
The 14-day relative strength index (RSI) stands at 45.53, suggesting neutral momentum, with neither overbought nor oversold conditions.
AI predicts DOGE’s price
Despite the subdued market sentiment, insights from OpenAI’s AI platform ChatGPT predict that DOGE has the potential to rally almost 195% and trade at $0.50 by the end of 2025. The AI model outlined three possible scenarios for the token:
The meme coin could rally significantly in a bullish scenario fueled by Bitcoin (BTC) hitting new highs, continued whale accumulation, or renewed enthusiasm for meme coins. Under this setup, ChatGPT noted that DOGE may reach between $0.35 and $0.50.
DOGE could still see moderate gains in a neutral case where the meme coin simply tracks the general market without regaining significant hype. The expected range in this scenario would be $0.22 to $0.28 by year-end 2025.
Should market conditions turn negative or investor interest wane, the AI tool sees DOGE declining and trading between $0.10 and $0.14.
Considering all factors, particularly ongoing whale interest and DOGE’s behavior in past cycles, ChatGPT’s base-case estimate places Dogecoin at $0.30 by the end of 2025.
DOGE’s technical outlook
A possible price breakout was also shared by pseudonymous cryptocurrency analyst Trader Tardigrade, who, in an X post on April 12, pointed to the start of a new “Doge Season.”
The pattern shows DOGE breaking out of a long-term downtrend, similar to previous explosive moves in 2017 and 2021. The meme coin could be gearing up for a strong run against Bitcoin through 2025 if history repeats itself.
Overall, general market sentiment is key for Dogecoin to sustain bullish momentum. The token must strongly hold the $0.15 support zone to invalidate any bearish pullback.
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