Dogecoin (DOGE) has seen significant growth, rising 45% in the past month, reaching $0.17, the highest since May. This upward trend is driven by a surge in whale activity and increased holdings by short-term investors.
Whale activity, as shown by IntoTheBlock’s data, indicates a 15% rise in large holders’ netflow over 30 days. This accumulation suggests bullish sentiment and boosts confidence among retail investors.
Additionally, short-term holders have increased their average holding period by 39%, reducing market selling pressure, which is positive for future price stability.
DOGE's current trading price aims to secure $0.17 as support, with resistance at $0.19. Breaking this level could lead to reclaiming $0.22, a year-to-date high. However, failure to maintain $0.17 might result in a decline to $0.13.
Дереккөз: beincrypto.com ↗