Analytics

Dogecoin Price Flashes Buy Signal as On-chain Data Points to 40% Rally

Dogecoin price plunged 1.3% to $0.096 during the U.S. trading session on Thursday. The downtick follows the broader market sentiment as Bitcoin extends correction below $60000. With most major cryptocurrencies struggling to find a bottom, September may see an extended downtrend. Despite the bearish outlook, large holders (whales) remain optimistic, continuing to accumulate DOGE even as its price declines, signaling long-term confidence.

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