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Dogecoin Faces Uncertainty: Long-Term Holders Provide Crucial Support Beincrypto 1 день назад

Dogecoin Faces Uncertainty: Long-Term Holders Provide Crucial Support 🐶

Dogecoin's current price hovers around $0.25, showcasing a lack of momentum and direction. Traders in the futures market are similarly uncertain, with fluctuating opinions on the coin's trajectory.

Despite this indecision, long-term holders (LTHs) of Dogecoin are demonstrating significant resilience by maintaining their positions, which supports price stability. This steadfastness suggests they believe in a potential recovery, even amidst broader market volatility.

Indicators, like the Mean Coin Age, are also highlighting this confidence as it trends upward, indicating LTHs' sustained faith in Dogecoin.

However, the broader market reflects uncertainty as the fluctuating funding rate highlights bearish market sentiment. This pessimism could negatively impact market performance.

Price predictions indicate a potential recovery if Dogecoin can secure its support at $0.268, aiming toward $0.311. Failing to establish this support risks further declines to $0.220, underlining market fragility.

Источник: beincrypto.com ↗