Dogecoin’s On-Chain Transactions Are Rapidly Increasing; Will DOGE Reach $0.1?
Dogecoin has had a remarkable performance recently. Sudden and significant increases in the values of such crypto assets usually drive them out of the market. The increase in DOGE’s trading volume and the rise in its on-chain activity can often be marked by increased interest in this crypto asset or the proliferation of transactions by more users.
Santiment’in DOGE fiyatındaki artışa ilişkin analizine dayanarak ortaya koyduğu uzun pozisyonlardaki artış oldukça dikkat çekici. Yatırımcıların fiyatların artacağına dair bu uzun pozisyonları almaları genellikle piyasada iyimserliğin veya belirli bir varlığa yönelik talebin göstergesidir.
The platform also highlights that DOGE’s record of increased funding on Binance shows an exit potential as its on-chain transactions grow.
Will DOGE Reach $0.1?
At the time of publishing this news, DOGE is trading at $0.09; This represents a positive increase of 10.22% in the 24-day period, followed by an increase of 17.40% in the 7-day period, resulting in impressive values. It was 47.11% in the previous 30-day period.
DOGE’s son experiencing 20 green days in 30 days and also trading the 200-day moving average can be important indicators in terms of technical analysis.
The 59% difference in the overall performance of cryptocurrencies shows that while some crypto assets have been able to make sizeable gains in a year, the market overall is still 88% off its all-time high. This shows that the crypto market is still trying to reach its financial peaks and the goal of reaching certain goals is closer.
DOGE approaching the 0.10 directional turning point could be a hopeful signal. This value can be an important psychological level for many investors and followers because a letter may not have reached this level for a long time.