Mapping the Path for Dogecoin to Reach $0.45 - How and When? 🔥🔥🔥

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The Dormant Tokens of DOGE Re-enter Circulation

The number of dormant DOGE tokens has significantly increased and re-entered circulation, causing the price of Memecoin to continue consolidating. Despite showing hesitation, key support and resistance areas still need close attention.

Surge in the Age Used Indicator

The 'Age Used' indicator for Dogecoin saw a significant spike in late October, mid-November, and December, reaching 1 trillion on December 16, the highest level since October, indicating that long-term holders may be re-entering the market or forming selling pressure.

Increase in Trading Volume

Trading volume began to rise sharply in late October, peaking in mid-November, coinciding with the price increase of DOGE.

A slight spike was observed on December 16, increasing to over 5.5 billion, but trading volume slightly decreased in December, consistent with the consolidation of DOGE prices.

Neutral Support for DOGE Prices

DOGE is consolidating above the 50-day moving average of $0.34, with an RSI of 51.32, indicating neutral momentum.

If the support level holds and trading volume rebounds, it may push up to $0.45; a drop below the 50-day moving average could retrace to $0.30.

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