Price decline indicates renewed interest: After dropping 19%, Dogecoin (DOGE) observed heightened network activity, with the Mean Dollar Invested Age (MDIA) declining to 370 days, illustrating increased transactions and interest from long-term holders. This could enhance bullish sentiment.
Bullish sentiment indicated by funding rate: Currently, DOGE maintains a positive funding rate of 0.003%, suggesting trader Optimism. A dynamic support level at 0.34 USD could provide a recovery zone for DOGE, as active engagements hint at bullish momentum.
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