Reported 18 days ago
Despite a slight 5% recovery, Dogecoin (DOGE) faces potential risks of revisiting its 13-month low of $0.095 due to declining new demand and increased selling by long-term holders. On-chain data shows a significant drop in unique addresses interacting with DOGE, suggesting that the recent price increase is more a result of short-term market relief than sustainable investor interest. Without renewed buying activity, DOGE could slide further towards its support level of $0.167.
Source: YAHOO