Cryptocurrency analyst João Weidson published a striking analysis about the future of Dogecoin (DOGE), focusing on miner behavior as a crucial factor in upcoming price movements.
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🔍 Key points from the analysis:
🧠 "The Dogecoin bubble has not burst yet"
Although some long-term investors have recently taken profits, Weidson believes that the real bullish signal may come from miner activity, a perspective that many overlook.
📈 Mining Equilibrium Indicator (MIE)
This indicator suggests that Dogecoin is entering a strong upward phase, as miners have returned to achieve high profits, which could be an early sign of a recovery in purchasing power in the market.
🧯 Bubble Risk Indicator
It is still far from peak or exhaustion levels, indicating that there is room for further increase before any major correction occurs.
💪 The oscillators of mining withdrawal and market (Hash Capitulation Oscillator & Market Capitulation Oscillator)
Both indicators are stable, indicating that the network remains strong and miners continue to operate without mass withdrawal.
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📌 Summary:
Miner behavior is an early signal of potential upward movement.
There are no indicators of an imminent collapse or bubble.
The network remains strong and mining activity is stable.
⚠️ Note: This analysis should not be considered investment advice.
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Do you think Dogecoin will embark on a new upward wave? Or is it still too early? 🤔
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#Dogecoin #Market_Analysis #Cryptocurrencies #DOGE #Mining #Crypto💥🐶