Dogecoin, a popular cryptocurrency, has climbed back above the $0.40 mark after experiencing a 15% pullback from its three-year peak. This recovery is bolstered by diminished selling pressure from long-term holders.
The reduced selling pressure signals that Dogecoin may have more room for growth, sparking optimism among investors about reaching the $0.50 price target. As long-term holders retain their investments, the bullish sentiment highlights the cryptocurrency's potential for further gains.
