Dogecoin Up 9% On The Week, Teases A 'Bullish Breakout:' Here's What The Numbers Say
Portfolio Pulse from Khyathi Dalal
Dogecoin has seen a 9.3% increase over the past week, sparking discussions of a potential bullish breakout. Analysts suggest a short-term correction may occur before a significant move. Key metrics show increased large transaction volume and active addresses, though exchange netflows are down.
September 25, 2024 | 1:03 pm
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Dogecoin has gained 9.3% this week, with analysts predicting a potential bullish breakout after a short-term correction. Key metrics show increased large transaction volume and active addresses, though exchange netflows are down.
Dogecoin's recent price increase and technical analysis suggest a bullish breakout is possible, though a short-term correction may occur first. Increased large transaction volume and active addresses indicate growing interest, supporting a positive outlook.
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IMPORTANCE 80
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