The price of $DOGE remains strong at $0.3, on-chain indicators suggest Dogecoin is about to take off!
In the last ten days, DOGE has been quite stable, with the price not dropping below $0.3. On-chain professional indicators are suggesting that DOGE might have a surge coming.
During these ten days, DOGE has been oscillating between $0.3 and $0.335, just waiting for the day it can break out. Currently, it's selling at $0.32, up 2.6%, although it's not much, it's still a small improvement. However, for the price to really take off, it needs to get past the hurdle of $0.35.
As for trading volume, in the last 24 hours, DOGE has increased by 37%, reaching $1.96 billion. With a significant increase in trading volume and rising prices, this suggests that the momentum for Dogecoin still has some wind behind it.
But don't forget, DOGE is famous for speculation, and to keep the price stable, it still needs the support of the community.
Recently, meme coins have been struggling in the market as everyone is starting to focus on practicality.
Last month, DOGE dropped over 24%, but the relationship between DOGE and BTC is not that close, which might help DOGE suffer less when BTC drops and recover faster.
Looking at the liquidation data, people still have quite a bit of confidence in DOGE. The number of bulls is significantly higher than bears, with a ratio of 3.39.
Now, DOGE is focusing on the $0.315 point. If the price can stabilize and continue to rise, then DOGE could reach $0.324, and beyond that, $0.335 isn't just a dream.
However, if the price drops below $0.315, it could be problematic, and sellers would gain the upper hand.
The price could fall to $0.304, and if it drops further, the support level at $0.293 will need to be tested.
Opportunities are about to arise. In the next layout direction, I will help everyone aim for the lucrative opportunities in altcoins, with an expected space of over 10 times being no problem. Like and comment to join me in strategizing for the entire bull market!
