$DOGE is one of the strongest-looking assets on the market at this point, thanks to a healthy holder distribution and significant room for growth
The technical signal we have described in our previous articles is considered one of the strongest indicators of an upcoming trend reversal. Even thoughis not the most stable asset on the market, the cross between the 200- and the 50-day moving averages might become fuel for the market independently.
As the long-term reversal sign occurs, more investors and whales might want to get more exposure to the meme coin and fuel further growth of the asset. Unfortunately, the trading volume does not suggest a spike in buying activities, but it might be a matter of time.
At press time, Dogecoin is trading at the $0.1 price threshold and has gained 4.6% to its value in the last 24 hours.
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