Dogecoin (DOGE) Status:
The current price is $0.223 after a period of consolidation.
Long-term holders (LTHs) have almost stopped selling and started accumulating, which reduces selling pressure.
Over the past two weeks, medium-term investors have added about 4.9 billion DOGE (equivalent to $1.97 billion) to their wallets, reflecting confidence in the future.
Technical analysis indicates that maintaining support at $0.222 is essential for continued recovery prospects.
If DOGE successfully breaks through the resistance at $0.241 and establishes it as support, the price may target $0.273.
On the other hand, breaking down below the $0.222 level could lead to a return to $0.209 or $0.199, negating the current bullish outlook.
🔑 Summary: The market shows signs of optimism supported by significant accumulation, but maintaining the price above $0.222 remains the fundamental condition for any upcoming rise.
Cryptonews
