🚀 A new analysis suggests a potential rise in Dogecoin price ($DOGE )
Cryptocurrency analyst João Wydson published an eye-catching analysis about the future of Dogecoin ($DOGE ), focusing on miner behavior as a critical 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, Wydson believes that the real bullish signal may come from miner activity, which is an angle many overlook.
📈 Mining Indicator of Equilibrium (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 market purchasing power.
🧯 Bubble Risk Indicator
It is still far from peak or exhaustion levels, indicating that there is room for further increases before any major correction occurs.
💪 Hash Capitulation Oscillator & Market Capitulation Oscillator
Both indicators are stable, showing that the network remains strong and miners continue to operate without mass withdrawal.
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📌 Conclusion:
Miner behavior serves as an early signal for potential upward movement.
There are no indicators of an imminent collapse or bubble.
The network remains strong, and miner activity is stable.
⚠️ Disclaimer: This analysis is not considered investment advice.