CandleFocus Unusual 72% Dogecoin (DOGE) New Addresses Spike - What's Going On?
2024-10-01
Author: Content Editor
Dogecoin has seen a significant increase in the number of new addresses on its network, reflecting renewed interest and engagement within its ecosystem. However, despite this growth, the price of DOGE has experienced a 5.11% dip in the last 24 hours. Other key metrics, such as market cap and trading volume, also show negative trends. The initial surge in trading volume may have attracted traders, but analysts are concerned that the decline in volume could result in further price retracement. The 50-day moving average is seen as the first support level to watch.
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