CandleFocus Dogecoin (DOGE) Slip from $0.43 Leaves Holders Undeterred — Next Rally Coming?
2024-11-18
Author: Content Editor
Dogecoin's price recently experienced a decline but holders are not selling their coins, indicating strong conviction in the cryptocurrency's potential. Data shows that the Coin Holding Time has increased by over 100%, suggesting bullish sentiment and the potential for the price to rise. On-chain data also indicates a drop in Dogecoin circulation, which is a positive sign of increasing buying pressure. Additionally, the formation of a bull flag on the chart further supports the expectation of a price increase. However, if holders start selling, the price could potentially drop below $0.30.
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