Dogecoin

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-attracts-investors-with-recent-price-increase/" data-wpel-link="internal">Dogecoin Attracts Investors with Recent Price Increase</a><br></p>
<p style="text-align: justify"><strong>Dogecoin (<a href="https://en.coin-turk.com/exploring-dogecoins-market-trends-and-technical-analysis/" data-wpel-link="internal">DOGE</a>)</strong>, son 24 saatteki fiyat artışı ile yatırımcıların ilgisini topladı. Ancak mevcut göstergelere bakıldığında, bu durumun yakında değişebileceği öngörülüyor. Dogecoin’in Holding Süresi, bu iddiayı destekleyen en önemli göstergelerden biri.</p> 
<h2 style="text-align: justify" id="dogecoin-s-holding-period">Dogecoin’s Holding Period</h2> 
<p style="text-align: justify">Holding Period measures how many days a <strong>token</strong> is held without any transactions. In the crypto world, this strategy, known as HODLing, describes the situation where <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> avoid selling despite price fluctuations.</p> 
<p style="text-align: justify">In the last seven days, Dogecoin’s Holding Period increased by 387.03% according to IntoTheBlock. This shows that investors are strictly adhering to the HODLing strategy. The fact that most tokens are not changing hands implies minimal selling pressure, but increased transaction activity may suggest occasional sales.</p> 
<p style="text-align: justify">If this attitude continues, Dogecoin’s stability could improve. If buying pressure is added to this situation, <strong>Dogecoin’s</strong> price may increase. Currently, DOGE is trading at $0.12 and has seen a 20.78% decrease in the last 30 days. During the same period, trading volume decreased by 33%. This drop in volume may indicate that the prolonged price decline is weakening, so DOGE has the potential to recover from its low levels.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-364903 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/doge-2.jpg" alt="" width="647" height="352"></p> 
<h2 style="text-align: justify" id="technical-analysis-of-doge">Technical Analysis of DOGE</h2> 
<p style="text-align: justify">From a technical perspective, the DOGE/USD 4-hour chart shows the Awesome Oscillator (AO) rising to the positive region. AO is a technical tool that measures momentum, and positive <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> indicates increasing momentum for Dogecoin. Similarly, the Relative Strength Index (RSI) has also risen but has not yet crossed the neutral zone of 50.00. Therefore, the price may hover around $0.12 for a while. However, if this level is surpassed, DOGE’s price could rise further. Potential price levels determined by the Fibonacci Retracement indicator show that the 61.8% Fib level is at $0.13, indicating that <strong>DOGE</strong> could move towards this level. In a strong bullish scenario, the price could rise to $0.15.</p> 
<p style="text-align: justify">The DAA metric measures the number of active users and, when evaluated with the price, provides signals on when to buy or sell. When the price grows above the DAA, it gives a buy signal, and when the DAA grows above the price, it gives a sell signal. Currently, Dogecoin’s price DAA deviation is at -79.13%, indicating that the participation rate in the network is lower than the price increase.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-attracts-investors-with-recent-price-increase/" data-wpel-link="internal">Dogecoin Attracts Investors with Recent Price Increase</a></h5>

Dogecoin Attracts Investors with Recent Price Increase

Table of Contents

COINTURK NEWS

Other articles published on Jun 25, 2024

Countdown to Sealana Launch Begins As $5M Meme Coin Presale Concludes Today

Alex Labs Tracks Lazarus Group in $4 Million DeFi Heist

Bitcoin’s Recent Decline: Key Support Levels and Market Sentiment

SEC Approves Ethereum ETF for Market Listing

Warning for PEPE holders!! This whale just dumped 700B Pepe

Metaplanet to Issue 1 Billion Yen in Bonds to Buy Bitcoin Amidst Soaring Stock Prices

Join our free newsletter for daily crypto updates!