Here are the key takeaways from the latest Dogecoin market movements:
🚀 Bull Rally Highlights
Dogecoin surged over 27% in the past week, marking a strong bullish rally.
Over 5 million DOGE addresses are now in profit, accounting for 80% of all addresses.
📉 Recent Bearish Turn
Despite the rally, Dogecoin hit a $0.144 resistance level and has since dropped by over 1% in the last 24 hours.
The Money Flow Index (MFI) entered the overbought zone, signaling possible sell-offs.
📊 Market Sentiment
Social volume around DOGE increased, with sentiment remaining positive for most of the week.
However, Dogecoin miners sold their holdings during the price surge, indicating caution.
🔮 What's Next?
While DOGE’s MACD remains bullish, selling pressure may prevent it from breaking past the $0.144 resistance. A price correction could be on the horizon if selling continues.
