Yomi Provides Insight Into DOGE Golden Cross As SHIB Whale Activity Surges

Cryptocurrency influencer Yomi recently offered insights on the anticipated Golden Cross pertaining to Dogecoin (DOGE), emphasizing the necessity of a positive week to regain momentum. Yomi updated followers on the impending weekly Golden Cross after noting two consecutive red weeks causing a slight deviation. Despite this, the meme cryptocurrency has yet to reach this bullish milestone, with Yomi stressing the importance of a green week for recovery.

DOGE Is Back

The tweet is significant given the recent performance of Dogecoin. Despite a notable drop compared to its all-time high, the canine themed cryptocurrency has surged over 77% year-to-date after gaining traction on social media during the 2020 and 2021 bull market.

The analysis by Yomi is relevant amid recent bullish sentiment, with the cryptocurrency surpassing Pinterest and DraftKings in market cap. Traders anticipate DOGE Day on April 20th, an event celebrating the unveiling of the Bronze Dog, likely initiating another meme coin season if the circumstances are right.

SHIB On The Come Up

Meanwhile, the Shiba Inu (SHIB) community has witnessed a surprising surge in whale activity despite a 12% price drop and market turmoil. Large holders have accumulated SHIB tokens by 570%, suggesting strategic planning for future gains.

Coinciding with this influx, SHIB experienced a 276.25% surge in large transaction volume, indicative of institutional or whale activity. Potential scenarios driving this include strategic accumulation at discounted prices and movement to cold storage for long-term gains. Despite market volatility, the resilience and whale activity displayed by SHIB hint at bullish sentiment, with influencers like Rekt Capital and CRYPTO SHERIFF predicting significant price rallies.