Dogecoin

<p style="text-align: justify"><a href="https://en.coin-turk.com/why-is-dogecoin-doge-rising/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a>, the king of meme coins, is known for its high volatility, but it has been moving steadily for months. The reason for this is Elon Musk’s decreased interest in it. The last opportunity was the sale and return to X on Twitter, but the community has lost hope for <a href="https://en.coin-turk.com/dogecoin-price-prediction-will-doge-surge-to-0-083-latest-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a> integration. Indeed, regulatory pressure is now something even Musk is afraid of.</p>
<h2 style="text-align: justify" id="dogecoin-doge-analysis">Dogecoin (DOGE) Analysis</h2>
<p style="text-align: justify">The price of DOGE is currently at $0.070, and the halt in BTC’s rise has also halted the price increase. At the time of writing, BTC has been able to maintain $36,000, so the outlook is currently positive. However, it is uncertain whether the significant selling pressure from the $38,000 test will continue. We will come back to the price, but for now, let’s take a look at the Dogecoin network data.</p>
<p style="text-align: justify">There is an issue here. We previously mentioned that DOGE miners were accumulating in our previous analysis. The reserves, which reached 4.47 billion on November 6, had seen their peak at the end of October. However, in the past three days, miners have reduced their reserves to 4.41 billion. This means that while the price was rising, selling has intensified. This indicates that miners may not have been convinced by the recent rally. The selling trend has been ongoing since August 15 on a broader scale.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-275131 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/DOGE-Madenci-Rezervleri.png" alt="" width="986" height="657"></p>
<p style="text-align: justify">In the chart below, you can see the proportion of three groups consisting of whales, middle-class <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>, and individual investors among total investors. In the past month, whales have reduced their holdings by 0.37%. However, the group that can be referred to as individual investors has increased by 1.43%. This indicates that senior investors are not hesitant to sell to individuals. The miner sales and their medium-term negative expectations appear to be consistent.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-275132 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/balinalar.png" alt="" width="891" height="594"></p>
<p style="text-align: justify">Let’s dive into more detail. The large investors who have reduced their holdings are seen as addresses holding between 1 billion and 10 billion DOGE in the chart below. The most accumulation has been made by addresses holding between 10 thousand and 100 thousand DOGE.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-275133 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/doge-holder-grubu.png" alt="" width="857" height="571"></p>
<h2 style="text-align: justify" id="doge-price-predictions">DOGE Price Predictions</h2>
<p style="text-align: justify">According to a FoxBusiness report at the time of writing, we learned that BlackRock is waiting for ETF approval until January (with high hopes in this regard). This is helpful for the continuation of positive sentiment for cryptocurrencies in the short term. As for the DOGE price, we see that it continues to linger around $0.071.</p>
<p style="text-align: justify"><img decoding="async" loading="lazy" class="wp-image-275134 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/DOGEUSDT_2023-11-09_23-55-20.png" alt="" width="1131" height="528"></p>
<p style="text-align: justify">The long upper wicks in the chart indicate that someone is selling at resistance levels. We mentioned this group earlier. For the bullish sentiment to become more apparent, the $0.075 area where selling is intensifying needs to turn into support. Then, targets of $0.095 and $0.1 can be aimed for with closings above $0.081.</p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information in this article does not constitute investment advice. Investors should be aware of the high volatility and, therefore, risks associated with cryptocurrencies and should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/dogecoin-doge-analysis-volatility-and-miner-reserves/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/dogecoin-doge-analysis-volatility-and-miner-reserves/</a>

Dogecoin (DOGE) Analysis: Volatility and Miner Reserves

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