dogecoin Despite Elon Musk’s recent tweets, it is losing blood, as can be seen with the decrease in trading activities.
According to a prediction shared by analyst Ali Martinez, Dogecoin’s current situation requires a significant decrease in transaction volume and a decrease in the number of whale transactions. As a result, this indicates a decline in trade activities. is showing.
This could be a sign that fewer people are buying, selling or transferring DOGE, possibly due to decreased interest or confidence in DOGE.
As we reported as Koinfinans.com, whale transactions over $1 million decreased significantly and peaked at a price of $0.075 with a volume of 33.5 million. This indicates a significant decrease compared to a month ago, when they reached 773 million.
Dogecoin is also quite unstable in technical analysis
DOGE It seems difficult to make an accurate prediction based on technical indicators and price models in various time periods for , as it has struggled many times to break the resistance zone set at $ 0.10 in the long term and $ 0.085 in the short term and has experienced multiple pullbacks.
The current momentum presents a mixed picture, characterized by the moving average convergence divergence (MACD) line positioned above the MACD signal line, indicating an uptrend. At the same time, the Relative Strength Index (RSI) is hovering around the neutral level of 48.
While the nearest support zone is located at $ 0.075 and $ 0.080, $ 0.070, which is slightly below these levels, is seen as the area where the nearest buying interest may increase.
While Dogecoin is trading at $0.0801, it has recorded a decline of 3.32% in the last 24 hours.
