DOGECOIN $DOGE PRICE PREDICTION
Dogecoin (DOGE) is making waves in the crypto market, with analysts predicting a potential 3x gain if it can break through the $0.12 barrier. The meme coin, currently ranked 9th by market capitalization, has been showing signs of bullish momentum despite the overall market slump.
ON-CHAIN METRICS
According to on-chain data, the number of addresses holding DOGE has reached an all-time high of 6.52 million, with whales holding a significant 41.47% of the total supply. The average time that DOGE stays at an address before being transferred is around 2.3 years, indicating a strong holding sentiment among investors.
TECHNICAL ANALYSIS
Technical indicators also suggest a possible breakout, with the daily chart forming a falling wedge pattern and the MACD below the zero line. If DOGE can sustain above $0.09733, the next resistance levels are at $0.1282 and $0.1747.
INVESTMENT POTENTIAL
While the crypto market remains volatile, DOGE's strong on-chain metrics and bullish technicals make it an attractive option for investors looking for potential gains. Will DOGE moon again? Only time will tell, but the signs are looking promising.
