Dogecoin looks comatose on the charts after a 60% yearly drop and a breakdown below $0.15. The bears are out in force, grinding price into the $0.12 support zone, with every rally sold off quicker than Elon’s latest tweet. But not everything is doom-and-gloom: on-chain, long-term DOGE holders are quietly scooping up tokens, and dormant supply is rising. Spent coins have tanked, suggesting conviction hands are leaving weak holders in the dust—a setup that triggered sharp relief rallies in the past. Unless $0.12 gives way, DOGE is primed for a surprise squeeze, but if that floor crumbles, even the memes won't save this dog from hibernation.
Continue to read Dogecoin’s Tug-of-War: Brutal Breakdown on Charts, But Whales Accumulate Behind the Scenes
Dogecoin looks comatose on the charts after a 60% yearly drop and a breakdown below $0.15. The bears are out in force, grinding price into the $0.12 support zone, with every rally sold off quicker than Elon’s latest tweet. But not everything is doom-and-gloom: on-chain, long-term DOGE holders are quietly scooping up tokens, and dormant supply is rising. Spent coins have tanked, suggesting conviction hands are leaving weak holders in the dust—a setup that triggered sharp relief rallies in the past. Unless $0.12 gives way, DOGE is primed for a surprise squeeze, but if that floor crumbles, even the memes won't save this dog from hibernation.
Continue to read Dogecoin’s Tug-of-War: Brutal Breakdown on Charts, But Whales Accumulate Behind the Scenes
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