Data from Santiment reveals that DOGE’s “mean dollar invested age” has declined by 31% over the past eight weeks, indicating increased movement of previously dormant coins. In early November, Dogecoin traded within a tight range of $0.35 to $0.48 following a remarkable 208% surge.
Earlier, CNF highlighted bullish indicators for Dogecoin, with potential breakout targets of $8–$10 based on historical growth trends. Although recent price corrections have pushed DOGE below a rising trendline, raising concerns of a bearish shift, analysts believe this pullback might set the stage for a fresh rally.