Whales are accumulating Dogecoin, leading to a tightening supply that suggests a market shift. The current support around $0.175–$0.18 may indicate a rebound, with the $0.21 level being crucial for recovery.
Data from Binance indicates 71.75% of traders are holding long positions, reflecting bullish sentiment. Positive on-chain metrics signal increased investor activity, which is essential for sustaining Dogecoin’s recovery.
With its Stock-to-Flow ratio rising to 110, the tight supply could fuel bullish momentum. Analysts predict that reclaiming the $0.23 threshold may pave the way for DOGE to reach $0.26 and beyond.
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