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Ah, the grand circus of the meme coin market! It seems that our beloved Dogecoin, that cheeky little Shiba Inu, has been through a rather tumultuous time lately. Picture this: the entire market, like a poorly made soufflé, has collapsed, losing over a trillion dollars faster than you can say “to the moon!” 🚀
Once upon a time, in the magical land of December, Dogecoin was frolicking around the $0.5 mark, feeling like the king of the hill. But alas, by March 11, it had plummeted to a mere $0.14, a drop that would make even the most stoic of investors weep into their wallets. Now, it’s hanging around $0.17, which is like finding a penny in the couch cushions after losing a dollar bill. A 60% loss since January? Ouch! 😱
But fear not, dear reader! The wise sages of the crypto realm are whispering sweet nothings about a potential Dogecoin rebound. Yes, they’ve conjured up four bullish indicators that might just help our furry friend bounce back like a rubber ball in a cat fight.
Whales Are Back, Baby! 🐋
It appears that the Dogecoin whales, those mysterious creatures of the deep, have decided to resurface after their brief hiatus. They were last seen during the bull run, but after the peak, they seemed to have gone on a vacation to the Bahamas. Now, they’re back, and they’ve been buying up Dogecoin like it’s going out of style!
Whale alert! Over 110 million #Dogecoin $DOGE bought up in a week. Big players are betting on a breakout.
— Ali (@ali_charts) March 18, 2025
While this amount may not rival the great accumulations of yore, it’s still a sign that the whales are feeling a bit more generous, which could ease the selling pressure. Who knew that whales could be so philanthropic? 🐳
And let’s not forget the TD Sequential metric, which is like a crystal ball for crypto traders. It’s flashing a buy signal, suggesting that Dogecoin is “primed for a bounce.” Sounds like a trampoline party waiting to happen! 🎉
#Dogecoin $DOGE is primed for a bounce! TD Sequential flashes a buy on the 3-day chart.
Join me in this trade by signing up to @coinexcom using my referral link
— Ali (@ali_charts) March 18, 2025
Network Activity: A Buzzing Beehive! 🐝
In a shocking twist, CryptoPotato reported that Dogecoin’s active addresses have surged to a four-month high of over 150,000! Just a few weeks ago, it was struggling to stay above 100,000, like a cat trying to swim. More activity usually means better price performance, so let’s hope this trend continues! 📈
And guess what? The network activity has skyrocketed even further, with a whopping 280,000 active addresses buzzing around like bees in a flower garden. Talk about a crypto renaissance! 🌼
#Dogecoin $DOGE network buzzing! Over 280,000 active addresses in recent days.
— Ali (@ali_charts) March 19, 2025
Lastly, we’ve got the big wallets—those hefty entities that own at least a million Dogecoins. They’ve grown by over 1.2% since February, adding 62 new members to their exclusive club. It’s like a secret society, but with more memes and fewer robes. 🕵️♂️
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2025-03-19 11:01