#doge⚡ 💥🐂🪙

DOGECOIN SEES 60,000 NEW HOLDER IN 10 DAYS.

Investors Take New Dogecoin Positions Amid Historical Support

Between November 22 and December, the total number of Dogecoin holders dropped from 7.14 million to 6.80 million. Interestingly, this decline came around the same time DOGE’s rally ran out of steam, as the price declined from $0.47 to $0.39.

This price decrease and the decrease in holder count suggest significant profit-taking at the time. However, on-chain data from Santiment, as of this writing, shows that things have now changed.

According to the analytics platform, the number of DOGE holders has surged to 6.68 million. This implies that 60,000 new holders have actively added the meme coin to their wallets within the past 10 days.

Investors Take New Dogecoin Positions Amid Historical Support

Between November 22 and December, the total number of Dogecoin holders dropped from 7.14 million to 6.80 million. Interestingly, this decline came around the same time DOGE’s rally ran out of steam, as the price declined from $0.47 to $0.39.

This price decrease and the decrease in holder count suggest significant profit-taking at the time. However, on-chain data from Santiment, as of this writing, shows that things have now changed.

According to the analytics platform, the number of DOGE holders has surged to 6.68 million. This implies that 60,000 new holders have actively added the meme coin to their wallets within the past 10 days.

DOGE Price Prediction: $1 Target Still in Place

Technically, the daily DOGE/USD chart shows the formation of a bull flag. A bull flag is a pattern characterized by two rallies and separated by a brief consolidation period.

As seen below, the pattern begins with a sharp, nearly vertical price spike known as the flagpole, driven by aggressive buying that catches sellers off guard. This is followed by a pullback forming the “flag,” represented by parallel upper and lower trendlines.