Dogecoin Bulls Smell $1.30 As On-Chain Data Turns Red-Hot
Dogecoin is hovering near $0.15, but a cluster of technical and on-chain indicators shared on X suggests the market structure is far healthier than during the last bear phase, prompting fresh upside calls from analysts. Dogecoin Could Target $1.30 Trader Cryptollica posted a long-term monthly DOGE chart with the Mayer Multiple and a clear message: “DOGE Target > $1.30.” The Mayer Multiple, using 200- and 50-period moving averages with a 2.4 threshold, sits at 0.66005. Visually, that is far below the spikes above 5 that accompanied the 2017 and 2021 blow-off tops, indicating that Dogecoin....
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Dogecoin (DOGE) whales are gearing up for a bullish reversal for the foremost meme coin. On-chain data shows that these whales have regained their confidence in Dogecoin and are accumulating more DOGE ahead of a potential rally for the meme coin. Related Reading: 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod Dogecoin Whale Accumulation Spikes By 868% Data from the on-chain analytics platform IntoTheBlock shows that Dogecoin whales bought 364.38 million DOGE on July 10, representing an 868% surge from the previous day when these large holders offloaded 37.05 million DOGE.....
Dogecoin started a fresh increase above the $0.250 zone against the US Dollar. DOGE is now consolidating and might aim for more gains above $0.270. DOGE price started a fresh upward move above $0.250 and $0.2550. The price is trading above the $0.2550 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.2580 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for more gains if it remains stable above $0.2550. Dogecoin Price Turns Green Dogecoin price started a fresh increase after it settled above....
Dogecoin was recently added by Chainalysis to their crypto reports. This saw the data platform collating information like on-chain data from the meme coin. The report showed upon release showed holding patterns of Dogecoin investors. As well as transaction data relating to individual wallets. The coin which had seen a lot of growth due to […]
On-chain data shows the Dogecoin whales have made a few large transactions during the last 24 hours. Here’s what they have been up to. Dogecoin Whales Have Been Making Transfers To & From Exchanges According to data from the cryptocurrency transactions tracker service Whale Alert, several large transfers have been spotted on the Dogecoin blockchain […]
On-chain data shows Dogecoin holders have broken the 8.1 million milestone. Here’s how other cryptocurrencies like XRP and Cardano compare. Dogecoin Holder Count Above Other Altcoins, But Still Below Bitcoin & Ethereum In a new post on X, on-chain analytics firm Santiment has shared about how the various coins in the cryptocurrency sector currently compare […]