Price: $0.19831 5.3526%
Market Cap: 29.09B 1.1521%
Volume (24h): 3.66B 0.2%
Dominance: 1.1521%
Price: $0.19831 5.3526%
Market Cap: 29.09B 1.1521%
Volume (24h): 3.66B 0.2%
Dominance: 1.1521% 1.1521%
  • Price: $0.19831 5.3526%
  • Market Cap: 29.09B 1.1521%
  • Volume (24h): 3.66B 0.2%
  • Dominance: 1.1521% 1.1521%
  • Price: $0.19831 5.3526%
Home > video > Doge coin market Price Jump due to Elon Musk today

Doge coin market Price Jump due to Elon Musk today

Release: 2024/10/30 12:33 Reading: 0

Original author：NewsCrowls

Original source：https://www.youtube.com/embed/yHivgc71lek

In this video, we dive into the latest market sentiment analysis for Dogecoin. The MVRV Long/Short Difference metric shows a balanced state between long- and short-term holders, indicating stability in the market. This balanced environment suggests that neither group has a dominant advantage, which could reduce major volatility in the short term.

We also explore macro momentum trends, revealing that 29% of DOGE investors are currently in profit. While this is a positive signal, it may also lead to selling pressure, as historically, a rise in profitable addresses beyond 25% has prompted some holders to sell their assets, introducing temporary volatility.

Will Dogecoin maintain this momentum, or could we see a short-term dip due to profit-taking? Stay tuned for more insights, and don't forget to like, comment, and subscribe for the latest market updates!

#Dogecoin #CryptoAnalysis #DOGE #MarketSentiment #CryptoNews #DogecoinUpdate #Cryptocurrency #DOGEPrice #CryptoInvesting #CryptoTrading
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