Looking closer at Dogecoin’s trading volume and price action will reveal established demand zones that are acting as very strong support areas. Analysts claim that the level of $0.1 is not only a psychological barrier but also a major accumulation zone for retail investors. The price has retraced back to this point where it bounced off many times before and if the consolidation continued above this level there would probably be another run higher.
Whale Alert, one of such trackers, has provided on transactions in Dogecoin, indicating that despite sell-offs buyers are still interested in buying at these market prices. This ongoing demand is vital for Dogecoin as it tries to navigate through market volatility while creating a base from which another possible rally can occur.
Different platforms and social media conversations show most people have positive sentiments about the rise of doge .This view is borne out by its use in micro-transactions and tipping across different social platforms, breeding a committed community .
