Short-Term Holders Believe in Dogecoin$DOGE
Over the past month, Dogecoin short-term holders (STH) — those who have held the asset for less than a month — have increased their holding time by 110%. This group of investors plays an important role in price dynamics, as they are the ones who react to market signals faster than others.
Such dynamics indicate that more and more investors are choosing long-term investments rather than short-term speculation. Such changes usually reduce the selling pressure on the cryptocurrency rate. In such conditions, the price also finds it easier to stabilize and avoid sharp drops.
In the meantime, the DOGE funding rate has been in the positive zone for a long time and at the time of publication is 0.0069%. The indicator has slightly decreased compared to yesterday, but is still above the neutral line. This also confirms the bullish outlook for the cryptocurrency.#AIMarketCapDip #OnChainLendingSurge #CryptoMarketDip #Dogecoin
