💲Dogecoin Update💲
Despite a recent dip, Dogecoin is on the rise! After a 3-day crash, a 7% rebound signals potential for an uptrend. 🐶 On-chain metrics show increased whale activity and daily active addresses, reinforcing Doge's market position.
Technical analysis points to a critical $0.0786 resistance. If breached, we could see Dogecoin aiming for $0.0850 and beyond! However, a rejection might lead to a downturn, testing support levels at $0.0722 and potentially the 100-day EMA at $0.0673.
On-chain data from Santiment supports the bullish outlook. Whale transfers over $100k and $1M are rising, indicating growing investor interest. 🐋 Daily active addresses are up, suggesting an expanding user base. Combined with stablecoin trends, fresh capital is entering the market.
In other news, mark your calendars! Astrobotic plans to send a tangible Dogecoin to the moon on December 23, 2023, funded by the Dogecoin community in 2015. A true collaborative achievement for the Doge community! #Dogecoin #crypto2023 #DOGE #BullishChart
