👀 According to AMBCrypto: $DOGE Might Repeat History AMBCr

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👀 According to AMBCrypto: $DOGE Might Repeat History AMBCrypto then analyzed Dogecoin’s on-chain data to see whether it also hinted at a continued price increase. As per our analysis, Whale Activity around DOGE remained high throughout the last week as its whale transaction counts increased. Its MVRV ratio increased, hinting more investors were in profit. Its Velocity also remained up, meaning that DOGE was being used more often in transactions within a set timeframe. After a sharp decline, Dogecoin’s Weighted Sentiment improved, suggesting a rise in bullish sentiment. However, there were chances of DOGE witnessing a price correction soon. At press time, DOGE’s fear and greed index had a value of 64%, meaning that the market was in a “greed” phase. Whenever the metric reaches that level, it indicates that bears might step in and push an asset’s price down. Nonetheless, market indicators remained bullish on the meme coin. For instance, the Chaikin Money Flow gained upward momentum and was headed above the neutral mark. On top of that, the Money Flow Index (MFI) was also well above the neutral mark, hinting at a further price increase in the coming days.

👀 According to AMBCrypto: $DOGE Might Repeat History
AMBCrypto then analyzed Dogecoin’s on-chain data to see whether it also hinted at a continued price increase.
As per our analysis, Whale Activity around DOGE remained high throughout the last week as its whale transaction counts increased. Its MVRV ratio increased, hinting more investors were in profit.
Its Velocity also remained up, meaning that DOGE was being used more often in transactions within a set timeframe.
After a sharp decline, Dogecoin’s Weighted Sentiment improved, suggesting a rise in bullish sentiment.  
However, there were chances of DOGE witnessing a price correction soon. At press time, DOGE’s fear and greed index had a value of 64%, meaning that the market was in a “greed” phase.
Whenever the metric reaches that level, it indicates that bears might step in and push an asset’s price down. Nonetheless, market indicators remained bullish on the meme coin. 
For instance, the Chaikin Money Flow gained upward momentum and was headed above the neutral mark.
On top of that, the Money Flow Index (MFI) was also well above the neutral mark, hinting at a further price increase in the coming days.