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This week, the risk-off attitude of the stock and crypto markets has applied much downward pressure to Dogecoin. On Tuesday, meme coin prices fell 15% to $0.2200 compared to recent highs. Although the market is down, whales are showing signs of change for improvement. DOGE’s popularity has grown because large, skilled investors are steadily buying it. At the same time, interest in the $OZ token is growing as it approaches a 2000% potential increase during the presale.
Data from Santiment shows that Dogecoin whales are increasing their holdings. Addresses with balances between 1 million and 10 million DOGE now hold 10.56 billion coins, up from 10.48 billion on May 10. Larger wallets, those holding between 100 million and 1 billion tokens, have raised their stake to 25.86 billion coins, compared to 25.53 billion earlier this month.
Many whales purchase assets when there is a price drop, since they expect the price to increase again. Higher holdings may reflect the belief that Dogecoin has the chance to go up. Technical charts also support this view. Dogecoin fell from $0.2600 to $0.2200, forming a bullish flag pattern on the daily chart. Such a pattern usually takes place before a strong breakout.
Additionally, an inverse head and shoulders pattern formed in April, with the head near $0.1298 and shoulders at $0.1520. Dogecoin remains above its 50-day and 100-day exponential moving averages which often act as support. If this setup plays out DOGE could retest its November 2024 high of $0.4820. This move would mark a 120% gain from current levels.
The weekly chart shows a giant megaphone pattern with diverging trendlines. Such a pattern usually signals rising volatility and an extended rally. A breakout above $0.4820 could open the path toward the psychological $1.00 target.
While Dogecoin consolidates investors are turning to Ozak AI, a blockchain-based artificial intelligence platform. The project recently passed 160 million $OZ tokens sold in its presale phase, raising over $1 million. The token's price has already jumped 200% during the presale, from $0.001 to $0.003. The next stage will see a price surge to $0.005. Even though, experts say the price of the $OZ token might increase by up to 2000%, it is expected to reach $1 by 2025 with a planned listing price of $0.05.
Ozak AI integrates AI, blockchain, and predictive analytics to provide market forecasting and risk management tools. Its $OZ token powers decentralized governance, transaction fees, and platform security. The project uses decentralized physical infrastructure networks (DePIN), EigenLayer AVS, and Arbitrum Orbit for fast, secure transactions and smart contract audits.
Ozak AI prioritizes data security through decentralized storage and cryptographic protections. It uses machine learning for real-time fraud detection and anomaly monitoring. The platform’s transparency and blockchain-based auditability help it meet regulatory standards.
With more companies using AI and blockchain, Ozak AI becomes a top choice for people who want to use innovative financial tools. $OZ’s presale success and advanced technology gave it the spotlight in the crypto space. Besides higher Dogecoin whale participation, these trends indicate essential changes within the crypto industry.
For more information about Ozak AI, visit the links below:
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
