🚨 Dogecoin: Rally of 31% — Speculative Growth, Correction on the Horizon? 🐶💸
📊 Price DOGE$DOGE jumped by 31% over the week!
The rise has attracted investors' attention, but not everything is smooth... 🚀
⚠️ What is really behind this rally?
The current NVT ratio for Dogecoin$DOGE is higher than the figures from November 2024, indicating a speculative nature of the growth.
This means the asset is overheated, and the likelihood of a correction is high. 📉
🔍 What do we see?
Low transaction volume: $1.2 billion at peak compared to $10.27 billion in November 2024.
Unsustainable growth: Activity is not supported by real transactions.
📉 DOGE's prospects:
If the price drops below $0.22, the next targets are $0.19 or $0.18.
Losses could accelerate if DOGE$DOGE does not maintain support at $0.20. 🔻
🔄 What opportunities remain?
For the bearish scenario, a drop below $0.22 is a signal for further decline.
However, if DOGE rises above $0.24 again, it could restore investor confidence.
💡 Stay informed!
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