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Dogecoin millionaires are buying dips as DOGE price eyes 30% rally

Coin Telegraph LogoCoin Telegraph1d ago

Dogecoin millionaires are buying dips as DOGE price eyes 30% rally - Coin Telegraph

Quick Summary:

DOGE is oversold, raising chances of 30% rally Dogecoin is currently testing a support confluence comprising a multi-year ascending trendline support, a level that has historically triggered strong bullish reversals and the 200-week exponential moving average (200-week EMA) at around $0.13.

Dogecoin onchain metrics hint at price rebound Onchain data from Santiment shows that wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices.

Related: Crypto market is seeing a ‘tactical retreat, not a reversal’ — Binance CEOThe first major resistance level lies near $0.22, aligning with DOGE’s 50-week exponential moving average (50-week EMA; the red wave) and the March-April 2024 resistance area, as shown below.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 11:26:52 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27164380

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 289 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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