🐕🚧 Dogecoin Hits $0.144 Roadblock – Will DOGE See a Price Correction?
🚀 Dogecoin’s Recent Bull Rally
Dogecoin [DOGE] saw a strong bull rally last week, with its price surging over 27%. This pushed more than 80% of DOGE addresses into profit, according to IntoTheBlock’s data.
📈 Rising Popularity
DOGE's social volume increased, and its weighted sentiment remained positive, showing bullish investor sentiment. Emperor Osmo noted DOGE as the top meme coin in terms of mindshare, further boosting its popularity.
📉 Price Drop and Market Performance
Despite its popularity, DOGE’s price dropped by 1% in the last 24 hours, trading at $0.141 with a $20 billion market cap. Our analysis shows that DOGE faced resistance at $0.14428, possibly due to increased selling pressure.
⚖️ Mixed Signals
While DOGE's MVRV ratio is still bullish, miners have reduced their holdings, selling during the price rise. The Money Flow Index (MFI) hit the overbought zone, but the MACD remains bullish, suggesting DOGE could still break above resistance in the near future.
