😮🚀🚀Will Dogecoin (DOGE) Price Reach $0.1 Amid 880 Million New Buy Orders?
Price Analysis:
The Dogecoin (DOGE) price has made a fast start to December 2023, gaining 6% in the last 48 hours.
Bullish investors placed buy orders for an additional 883 million DOGE around current prices, significantly outpacing existing sell orders.
Technical indicators show how the DOE price could reach a new peak above $0.1 in 2023 if it breaks above the critical resistance area at $0.09.
December December Dogecoin (DOGE) continued its strong performance with a price jump of 6% in the last two days, rising from $0.08 to $0.085 between November 30 and Dec 2. A vital intra-chain trading metric shows that the bulls are firmly in control of the DOGE markets despite the double-digit gains of the past month.
Bullish Investors Placed New Orders for 880 Million DOGE.
The Dogecoin price gained 13% in October and added another 15% increase in November. But despite the double Decker gains in the last two consecutive months, on-chain data trends show that Dogecoin bulls are not stepping on the gas.
Intotheblock's Bulk Exchange Order Books chart is a vital on-chain metric that confirms this positive outlook.
The latest readings from the trading logs of the 10 leading crypto exchanges show that the Dogecoin bulls are currently in the driving seat. As shown below, bullish DOGE traders placed buy orders for 883 million DOGE at an average price of $ 0.84.
Meanwhile, the sellers have only put 800 million DOGE coins on sale at current prices.Dec.
