Dogcoin $0.174176The critical support of $ 0.16 continues to rise by recovering. The price increased by 2.54 %in the last 24 hours and approaches $ 0.175, while the investor interest draws attention. On-Chain data shows that the number of active addresses in the network has increased by 400 %recently. Technical indicators also give rise signals, while investors’ expectations are shaped in the direction of rise.
Technical indicators point to the rise
Technical analysis shows that Dogecoin moves on the long -term rise channel. Experts say that the price has found strong support at $ 0.14750. The crashed intersection of the Stochastic RSI indicator signals a new upward trend.
When the price movements are examined, it is foreseen that if Dogecoin maintains support levels, it may increase between 200 %to 300 %. In case of resistance levels, investor interest may increase further. Technical formations indicate that the price can reach up to 6 dollars in the long term.
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There is a big increase in the Dogecoin network
The 400 %increase in the number of active addresses in the Dogecoin network shows that the interest rate is strengthened. On-Chain data reveals that network efficiency has significantly increased and supports market mobility. Investors interpret this increase in active addresses as a sign that the demand for Dogecoin has grown.
Increased network mobility in the crypto currency market usually offers positive signals in price movements. Strong technical indicators and active network data increases investor confidence. Dogecoin is expected to maintain its current levels and continue the rise trend.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
