{"id":125305,"date":"2025-03-18T12:17:00","date_gmt":"2025-03-18T12:17:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125305"},"modified":"2025-03-18T12:17:00","modified_gmt":"2025-03-18T12:17:00","slug":"dogecoin-millionaires-are-buying-dips-as-doge-price-eyes-30-rally","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125305","title":{"rendered":"Dogecoin millionaires are buying dips as DOGE price eyes 30% rally"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsDogecoin (DOGE) price has crashed by over 70% after hitting $0.48 in December 2024. Interestingly, the memecoin\u2019s richest holders have accumulated during the price declines, indicating their confidence in a potential rebound in the coming weeks.<br \/>\nDogecoin onchain metrics hint at price rebound<br \/>\nOnchain data from Santiment shows that wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices. Meanwhile, active addresses have surged to a four-month high, suggesting rising network activity.<br \/>\nDogecoin addresses holding at least a million DOGE vs. price. Source: SantimentTypically, when large holders accumulate an asset while prices decline, it signals that they see undervaluation and are positioning for a future rebound.<br \/>\nAn increase in active addresses indicates higher engagement on the network\u2014possibly reflecting growing retail interest.<br \/>\nIf this surge in user activity stems from real adoption rather than speculative trading or panic selling, it could provide the onchain foundation needed for a price recovery. A similar pattern was observed during the DOGE\u2019s 200%-plus price rally in November.<br \/>\nDOGE is oversold, raising chances of 30% rally<br \/>\nDogecoin is currently testing a support confluence comprising a multi-year ascending trendline support, a level that has historically triggered strong bullish reversals and the 200-week exponential moving average (200-week EMA) at around $0.13.<br \/>\nDOGE\/USD weekly price chart. Source: TradingViewAdditionally, the Stochastic RSI, an indicator measuring momentum and overbought\/oversold conditions, shows a bullish cross in the oversold region (below the 0.30 reading).<br \/>\nThis signal typically indicates that selling pressure is weakening. In DOGE\u2019s case, this crossover at low levels has preceded strong price recoveries, notably a 400% price rally in 2024 and 88% gains in 2023.<br \/>\nRelated: Crypto market is seeing a \u2018tactical retreat, not a reversal\u2019 \u2014 Binance CEO<br \/>\nThe first major resistance level lies near $0.22, aligning with DOGE\u2019s 50-week exponential moving average (50-week EMA; the red wave) and the March-April 2024 resistance area, as shown below.<br \/>\nDOGE\/USD weekly price chart. Source: TradingViewHowever, if DOGE fails to hold the support confluence, the bullish setup could be invalidated, leading to a deeper correction toward $0.12, which served as support in the March-May 2024 period.<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/dogecoin-millionaires-buying-dips-doge-30-price-rally?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsDogecoin (DOGE) price has crashed by over 70% after hitting $0.48 in December 2024. Interestingly, the memecoin\u2019s richest holders have accumulated during the price declines, indicating their confidence&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125305"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125305"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125305\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125305"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}