As short-term investors extend their holding period, Dogecoin (DOGE) is expected to gain more returns 🔥🔥🔥

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Recent Performance and Outlook for Dogecoin (DOGE)

Recently, Dogecoin (DOGE) has surged 23% over the past week, as short-term holders (STH) extended their holding period by 110%, outperforming its competitors Shiba Inu (up 14%) and Pepe (up 4%). This shift indicates an increased bullish sentiment among investors towards DOGE, reducing sell-off pressure and contributing to price stability and growth.

The change in STH behavior positively impacts DOGE's price. When STH extend their holding period, it signifies a shift from short-term speculation to long-term investment, which lowers market sell-off pressure and creates conditions for price stability. Additionally, DOGE's positive financing rate of 0.0011% indicates that long positions (buyers) are paying short positions (sellers), further supporting the bullish outlook.

If STH continue to maintain their holding strategy, the price of DOGE is likely to keep rising and may reach a four-year high of $0.48. However, if this group of investors begins to sell for profit, the price could plummet to $0.299, making the STH holding strategy crucial for DOGE's price movement.

Short-term holders play a key role in price dynamics, as they react quickly to the market, and their trading activities directly influence price fluctuations. When STH extend their holding period, it can alleviate sell-off pressure, stabilize prices, and potentially create conditions for upward momentum.

Overall, Dogecoin (DOGE) has shown strong recent performance, but investors should remain cautious and closely monitor STH's holding strategies and the overall market trends.

Supported by optimistic sentiment, DOGE's price is expected to continue rising, but investors should also be wary of potential risks to avoid price crashes due to strategy shifts.

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