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Is Dogecoin Near A Bottom? This Key Metric Is Offering New Clues On The Matter

Dogecoin may be nearing a market bottom, according to analysis of the Cumulative Value Days Destroyed (CVDD) metric by Joao Wedson of Alphractal. Historically, when DOGE's CVDD chart approaches or dips below 1, it has signaled major price bottoms. Wedson suggests the signal will solidify if Dogecoin falls below $0.08, marking an ideal accumulation zone for long-term holders, with a potential bottom possibly occurring in June—a pattern seen in past bear markets. Analyst Namtoshi Dogemoto points to a long-term macro support level dating back to 2017. He predicts June volatility similar to 2020, where DOGE dipped below support but recovered sharply by month's end, presenting a buying opportunity. Meanwhile, Ali Charts notes DOGE is testing a key support at $0.0883. Holding above it could lead to a recovery toward $0.1019 and $0.1156, while a breakdown might target the next support near $0.067.

bitcoinist12小时前

Is Dogecoin Near A Bottom? This Key Metric Is Offering New Clues On The Matter

bitcoinist12小时前

Solana’s Price Next Move Tied To Its On-Chain Strength: Can The Network Deliver?

Solana's price has rebounded above $140, but its future trajectory is increasingly tied to on-chain network performance rather than broader market sentiment. While SOL maintains strong daily transaction levels—consistently exceeding 60 million for 750 consecutive days—key growth metrics show concerning declines. New wallet creation has dropped sharply from 30.2 million weekly in November 2024 to approximately 7.3 million, signaling a cooling phase in user adoption. Analysts suggest that breaking the key $145 resistance will depend on whether network growth can revive, emphasizing that Solana's next major price move hinges on sustained organic usage and network strength rather than speculative activity.

bitcoinist01/13 22:32

Solana’s Price Next Move Tied To Its On-Chain Strength: Can The Network Deliver?

bitcoinist01/13 22:32

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