Altcoins News
By Evie Vavasseur
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Dogecoin [DOGE], has experienced a persistent downtrend over the past five weeks. The asset has now given back nearly all the gains it made during its explosive 58% rally in…
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According to a recent analysis by AMBCrypto, Dogecoin's movements in April and May might have only been the beginning.
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On the on-chain side, there are a few positive developments worth noting. Exchange netflows have been negative over the past two weeks, which typically signals that more DOGE is…
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Looking deeper into the data, the Coin Days Destroyed (CDD) metric showed notable spikes on 14 June and again on 17 June.
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The Cost Basis Distribution (CBD) heatmap provides additional insight into key price levels to watch.
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That said, historical patterns offer a silver lining. Back in August and September 2024, Dogecoin similarly broke below major support levels, only to recover strongly a couple of…
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If DOGE can muster enough momentum to retake the $0.21 level and flip it into a support zone, the long-term bullish thesis could regain credibility.
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In conclusion, while Dogecoin’s price action remains under pressure, the broader picture is more nuanced.
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