Dormant Dogecoin (DOGE) Reawakens After 19% Drop From Its Price Peak

Dogecoin (DOGE) has seen increased activity on the network as dormant coins return to trading, indicating potential bullish momentum. DOGE’s average dollar age invested (MDIA) has dropped to 370 days, showing renewed interest from long-term holders.

With a positive funding rate and dynamic support at $0.34, DOGE looks set for a potential bounce back towards its three-year high at $0.48.

💡 Quick Note: On the daily chart, DOGE is trading above the “Super Trend” indicator, which provides dynamic support at $0.34. This indicator measures the overall direction and strength of a price trend, and is displayed as a line on the chart that changes color depending on the prevailing trend: green indicates an uptrend, while red indicates a downtrend. If this uptrend continues, DOGE could see a bounce back towards its three-year high of $0.48. Conversely, the price could drop to the support level indicated by the Super Trend indicator at $0.34. If buyers fail to hold this support, the price could drop further to $0.31.