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<p>The overall cryptocurrency market has been struggling for the last four trading days and has experienced a notable price decline. Amid this, Dogecoin (DOGE), the most popular and largest meme coin, has gained significant attention from crypto enthusiasts due to its holders' profitability data.</p>  
<h2 class="wp-block-heading" id="h-dogecoin-doge-holders-profitability-nbsp"><strong>Dogecoin (DOGE) Holders Profitability&nbsp;</strong></h2>  
<p>In the past few days, <a href="https://coinpedia.org/news/dogecoin-news-golden-cross-hints-21000-doge-rally-in-5-months/" rel="noopener noreferrer nofollow">DOGE</a> has lost nearly 13% of its value, likely due to geopolitical tensions, the upcoming presidential election in the United States, and other factors. Despite this price decline a significant 84% of DOGE holders remain profitable, according to data from the on-chain analytics firm IntoTheBlock.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/03065436/image-15.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/03065436/image-15-1024x299.png" alt="" class="wp-image-375379"></a>
 <figcaption class="wp-element-caption">
  Source: IntoTheBlock
 </figcaption>
</figure>  
<p>Additionally, 12.77% of DOGE holders are currently "out of the money," meaning they likely purchased the meme coin at a price higher than the current value. Meanwhile, only 3.25% of holders are "at the money," meaning they are at breakeven.</p>  
<h2 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h2>  
<p>At press time, DOGE is trading near $0.158 and has experienced a price decline of 2.1% over the past 24 hours. During the same period, its trading volume significantly dropped by 50%, indicating lower participation from traders and investors amid ongoing price correction.&nbsp;</p>  
<p>Despite the notable price decline, DOGE’s large transaction volume has increased by 4.85%, suggesting that bulls are actively participating and may be moving their funds, according to data from <a href="https://app.intotheblock.com/coin/DOGE" target="_blank" rel="noopener noreferrer nofollow">IntoTheBlock</a>. Additionally, on-chain sentiment indicates that DOGE is currently bullish, which could support a potential price rally in the coming days.</p>  
<h2 class="wp-block-heading" id="h-dogecoin-technical-analysis-and-upcoming-levels-nbsp"><strong>Dogecoin Technical Analysis and Upcoming Levels&nbsp;</strong></h2>  
<p>According to expert technical analysis, DOGE is in a bearish channel pattern on a lower time frame and appears to be struggling to break out of this pattern. This struggle follows a 40% price surge over the past few days.&nbsp;</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/03065540/DOGEUSDT_2024-11-03_06-55-33.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/03065540/DOGEUSDT_2024-11-03_06-55-33-1024x448.png" alt="" class="wp-image-375380"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on recent price action and historical momentum, if DOGE closes a daily candle above the $0.163 level, there is a strong possibility the meme coin could rally by 30% to reach the $0.21 level in the coming days.&nbsp;</p>  
<p>Currently, DOGE is trading above the 200 Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend. The 200 EMA is a technical indicator used by traders and investors to determine whether an asset is in an uptrend or downtrend, helping them build their positions accordingly.</p>

84% of DOGE Holders Remain Profitable Amid Market Decline

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