Dogecoin Breakdown Or Bottom? On-Chain Risk Hits Extreme Value Zone
Dogecoin is sitting at an inflection point where weakening market structure meets unusually compressed on-chain risk, according to new charts shared by analyst Cryptollica (@Cryptollica). The visuals juxtapose a multi-year DOGE/USDT price channel with Alphafractal’s Reserve Risk framework, raising the question of whether the move is a true breakdown or the formation of a long-term bottom. Dogecoin On-Chain Risk Hits Extreme Value Zone In an X post, Cryptollica explains that the Dogecoin model “combines Reserve Risk with VOCDD/MVOCDD-style activity measures to assess long-term holder....
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After the market crash, the Dogecoin price suffered a decline to $0.2, which presented as a perfect opportunity for whales to get back in action. With the momentum rising for the meme coin, there are a number of factors that have been presented that suggest the price could more than double soon. Pseudonymous crypto analyst ProjectSyndicate highlights these catalysts in an analysis, showing what will drive the Dogecoin price to new yearly peaks. But First, A Retest Of The Reload Zone? Just like other digital assets in the space, Dogecoin features a low reload zone with lots of support that....
Data shows the Bitcoin market sentiment is still quite close to the extreme greed zone, a potential sign that a further price cooldown may be needed before a bottom. Bitcoin Fear & Greed Index Still Has A High Greed Value The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment among investors in the Bitcoin and wider cryptocurrency markets. The index uses a numeric scale that runs from zero to hundred for representing this mentality. Its value being greater than 53 means the investors as a whole are showing greed, while....
Dogecoin saw its price crash once again after a month of upward movement in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular has said that it is possible that the Dogecoin price has marked a bottom. Dogecoin Price Might Have Bottomed After Crash Crypto analyst Astronomer has called a possible bottom for the Dogecoin price after the rejection from $0.18. The analyst points out that the last time that....
The Dogecoin price is recording significant losses across multiple timeframes as the crypto market experiences a spike in selling pressure. The memecoin has been one of the worst performing cryptos over the past months as bull fail to push its price above critical levels. Related Reading: On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge At the time of writing, the Dogecoin price trades at $0.17, recording a 13% loss over the past seven days. On smaller timeframes, DOGE saw a 3% decline only topped by Solana. Dogecoin price trends to the downside on the daily....
It's a slow grind for long-term holders with no significant macro top or bottom in sight, the Reserve Risk metric suggests. Bitcoin (BTC) investors are famous for their ability to "hodl" through price dips, but new data sheds light on how long they may be prepared to continue.In a tweet on Jan. 16, on-chain analytics firm Glassnode noted that holder behavior currently mimics how Bitcoin behaves during the least extreme part of its price cycles.Reserve Risk: Bitcoin price ‘depressed,’ hodlers hodl onReferring to its Reserve Risk ("R-Risk") metric, Glassnode argued that current buying and....