CandleFocus Dogecoin (DOGE) 70% Surge Incoming? Important On-Chain Data
2024-10-10
Author: Content Editor
Dogecoin has shown signs of potential bullish momentum due to low selling pressure and a high percentage of profitable holders. The Global In/Out of the Money indicator suggests that DOGE could rally towards the $0.17 price level. Institutional investors may be preparing for a price increase, as indicated by a significant increase in the volume of large transactions. If DOGE successfully breaches the $0.17 threshold, there could be a longer rally, but significant resistance at or near this level could result in a pullback or consolidation.
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