Dogecoin Could Make A 26% Upside Move, Says This Analyst, Another Expert Notes Spike In Active Addresses
Optimistic
48.8
Dogecoin (CRYPTO: DOGE) retreated on Thursday, although a widely followed analyst highlighted a key technical indicator that might drive a 26% surge.
Dog Memecoin Gives Up Gains
The world’s largest memecoin by market capitalization slipped more than 2% over the last 24 hours, undoing some of its gains from the day before. Trading volume plunged 23%, signaling lower trader interest.
Speculative interest declined as the spot price dropped, leading to a 3.53% decrease in DOGE futures open interest over the past 24 hours, according to Coinglass.
The drop aligned with the broader market correction, with blue-chip coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) falling 1.37% and 1.16%, respectively, in the last 24 hours.
See ...Full story available on Benzinga.com
Dog Memecoin Gives Up Gains
The world’s largest memecoin by market capitalization slipped more than 2% over the last 24 hours, undoing some of its gains from the day before. Trading volume plunged 23%, signaling lower trader interest.
Speculative interest declined as the spot price dropped, leading to a 3.53% decrease in DOGE futures open interest over the past 24 hours, according to Coinglass.
The drop aligned with the broader market correction, with blue-chip coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) falling 1.37% and 1.16%, respectively, in the last 24 hours.
See ...Full story available on Benzinga.com
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
