Dogecoin has seen a significant rise in Its active addressesAnd provide an upward look at the first Mimi coin. Based on this development, Doge Price can also witness a bully reflection soon enough as it recalls the main support levels.
Dogecoin 47 % records an increase in active addresses
in X postThe encryption analyst Ali Martinez stated that the activity of the Dukwin network is picking up. This came as revealed Active addresses She jumped 47 % last month, increasing from 110,000 to 163,000. This development is optimistic because it indicates that more users use the network.
This can help stimulate a large gathering in the price of DOGECOIN, as an increase in active headlines indicates that DOGE’s benefit is to rise. Another scale of Onchain, which draws a bullish image of Mimi currency and hints in a reflection is the increase in new addresses. At the end of x, Martinez revealed this New Dogecoin addresses It doubled last month, climbing from 16,400 to 34,600.
The encryption analyst suggested that Dogecoin price You may recover soon. He revealed that Duj is printing the opposite of Duji Al -Saudi on the weekly graph. The accompanying graph showed that the first Mimi currency can regain the level of psychological support of $ 0.2 and a decrease to $ 0.28.
In another post, Martinez stated that the price of Dogecoin remains at the main support level Upward channel. He stated that if this support continues, the recovery towards the middle or upper borders may be in playing. His accompanying scheme showed that the average borders place Dog at $ 3, while the upper borders set the Mimi currency slightly up from $ 18.
You may have already reached the bottom
In the X Publishing, the encryption analyst Trader tardigrade He suggested that the price of Dogecoin has already reached the bottom. He pointed out that Dog has been following a certain Macro channel since its establishment, and historically, deviations occurred on the edges of the channel. However, he added that if the first Mimi currency remains inside the canal without deviating this time, it has already reached the bottom.
In another post, Trader Tardigrade stated that he believes that the price of Dogecoin will outperform most of Altcoins in the coming months, providing an upward view of Mimi currency. Meanwhile, Dog needs to break more than $ 0.17 to reflect the current declining direction.
The analyst revealed that a The resistance direction line Sitting over the Mimi currency on the graph for 4 hours. He added that Dogecoin should break this trend, which is currently 0.17 dollars, to see a bullish reflection.
At the time of writing this report, the DOGECOIN price is traded by about $ 0.168, within the past 24 hours, according to what it said. Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
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