Here are some on-chain, fundamental, and technical signs that, according to recent analysis, point to a continued rise in the price of #Dogecoin (DOGE):
On-chain signals:
Uncommon on-chain pattern. A recent research claims that $DOGE is displaying an unusual on-chain pattern that points to a potential price increase of 23,200%.
On-chain fractals. On-chain fractals are still positive, suggesting that the rise may continue at a high level over time.
Indicator for Hodler, Cruiser, and Trader: The Hodler, Cruiser, and Trader indicator tracks the distribution of #cryptocurrency by displaying the value of coins in relation to each category since its historical inception.
Institutional adoption: DOGE's widespread institutional adoption as a payment method in 2021 and 2022 were key fundamental signs. We might anticipate even more merchants embracing DOGE as a form of payment in 2023.
Technical signs:
#Trading signals: To forecast a price's course, DOGE traders employ a variety of trading signals and technical indicators.
Bullish influence: The technicals and #on-chain fractals are still bullish, indicating that the rally may continue to rise over time.
The price of DOGE could move quickly in response to market conditions and other reasons because the #crypto industry is very volatile. While these signs point to a possible rise in DOGE.