Considering the poor performance of the cryptocurrency market in general, it is no wonder that DOGE has been following the same path. Additionally, memetokens and coins provide even more risks to investors, which is why the lack of volatility and overall trading activity on Dogecoin is not surprising.
However, in the last 24 hours, DOGE has been showing exceptional performance and breaking out of the consolidation range it has been in for the last 125 days. The move could become the foundation for the upcoming recovery rally for Dogecoin.Unfortunately, investors should remain cautious considering the holder compositions of the memecoin.
According to the fading movement on the chart, we might finally see some kind of change in Doge's behavior. However, the current state of the market shows that it is too early to start moving funds toward high-risk assets, considering the lack of clarity in steps that financial regulators may make in the future.surprised the majority of cryptocurrency investors with its explosive run to $1,500.
According to market trackers, the funding rate on the second biggest cryptocurrency in the world swiftly hit negative values after the first wave of buying power was seen on Oct. 25. Some bears decided to take their chances and short the market, which could have been a logical decision considering its price performance back in September when ETH was rejected on the 50-day moving average.
Why is the mediaa keeping thisss a secret
I wish someone showedd me this earlierr