Étiquette : Dogecoin

Edited by Matt Waller Dogecoin is currently at a critical juncture as it struggles to maintain the vital $0.20 support level amid a broader crypto market downturn. Recent data reveals a dramatic 95% decline in network activity—from 2.66 million active addresses to just 130,282—raising serious concerns about the coin’s underlying health. Meanwhile, technical indicators such as bearish EMA crossovers suggest further downside pressure, even as an oversold RSI hints at a potential rebound. Adding to the complexity, fresh news from the crypto ecosystem underscores the current market volatility. Earlier this week, a leading crypto analytics firm reported that open interest for Dogecoin has rebounded to $1.89 billion, signaling that traders on major platforms like Binance an...

Edited by Sara Likoli Dogecoin (DOGE), the iconic meme coin that has captivated the crypto community, appears to be gathering momentum for a short-term rally. Recent on-chain data indicates that Dogecoin whales—those holding between 10 million and 100 million coins—have accumulated more than 750 million DOGE during the latest market correction. This renewed accumulation, combined with favorable technical indicators, is fueling bullish sentiment that could push DOGE’s price past the critical $0.30 mark in the near term. Key Points Whale Accumulation: Major holders have bought over 750 million DOGE during the recent market downturn. Current Price Dynamics: Dogecoin, trading at around $0.26, has been in a corrective phase since hitting a local high of nearly 48 cents ...