Mapping the Path for Dogecoin to Reach $0.45 — How and When? 🔥🔥🔥

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The Dormant Tokens of DOGE are Back in Circulation

The number of dormant DOGE tokens has significantly increased and re-entered circulation, leading to continued consolidation in the price of Memecoin. Despite showing hesitation, key support and resistance areas need to be closely monitored.

Surge in the 'Age of Tokens' Indicator

The 'Age of Tokens' indicator for Dogecoin surged significantly in late October, mid-November, and December, reaching 1 trillion on December 16, the highest level since October, indicating that long-term holders may be re-entering the market or forming selling pressure.

Increase in Trading Volume

Trading volume began to rise sharply in late October, peaking in mid-November, coinciding with the rise in DOGE price.

A slight spike occurred on December 16, increasing to over 5.5 billion, but trading volume saw a slight decline in December, consistent with the consolidation in DOGE price.

Neutral Support for DOGE Price

DOGE is consolidating above the 50-day moving average at $0.34, with an RSI of 51.32, indicating neutral momentum.

If the support level holds and trading volume rebounds, it could push up to $0.45; breaking below the 50-day moving average could lead to a pullback to $0.30.

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