$DOGE ! New addresses surge by 155%, can the price rise?
Dogecoin is currently on a roll, with the number of new addresses skyrocketing, it's like riding a rocket! In just seven days, new addresses increased by 102%, active addresses rose by 111%, and even those with zero balances increased by 155%, this is explosive growth! It seems that Dogecoin's appeal is undeniable, more and more people are starting to pay attention to it and join this big family.
However, while the number of addresses is increasing joyfully, the trading volume is somewhat disappointing, surprisingly dropping below 40,000. This is a bit puzzling, why do so many people love Dogecoin yet don’t trade it much? It seems that Dogecoin needs to put in more effort to let more people know about its benefits to truly catch on!
But don’t worry, market sentiment is still quite optimistic. Those traders are all bullish on Dogecoin, with the open contracts rising by 6.38%, reaching 2.05 billion dollars. They are all waiting for Dogecoin to skyrocket!
Looking at the technical indicators, the RSI is nearing the oversold region, which is a great buying opportunity! The price is also steadily within the Bollinger Bands, indicating that volatility isn't that high. As long as Dogecoin can break through the key price level of $0.384, the bullish momentum will be secured!
Are you stuck? When will be the right time to buy the dip? As always, if you're feeling lost and don't know what to do, click on my profile and follow me.
