Dogecoin (DOGE) has seen a significant surge in price, reaching a 42-month high and solidifying its position as the leading meme coin. However, the current momentum may soon face challenges, as over 95% of Dogecoin's total supply is in profit, which historically indicates a potential market top. High profit levels among DOGE holders raise concerns of a reversal in the market and a shift in sentiment towards selling. Additionally, Dogecoin's Mean Coin Age (MCA) is declining, suggesting some long-term holders are moving or selling their holdings, adding to the bearish outlook. While DOGE aims to turn the $0.45 mark into a support level, profit-taking sentiment could stall the uptrend, potentially causing a correction to $0.32 or $0.28. However, breaching and holding above the $0.45 barrier could continue the upward trend toward $0.50 and reinforce bullish momentum.



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