Dogecoin

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<ul class="wp-block-list news-points">
 <li>Dogecoin price has dropped 18% since obtaining its top on Saturday.</li>
 <li>Santiment data shows that DOGE made a seven-month high in address activity.</li>
 <li>Dogecoin RSI dropped from the overbought region to the neutral level.</li>
</ul>
Dogecoin (DOGE) fell 18% from its recent high, but on-chain data suggests the meme coin’s bullish trend is far from over.
Santiment, a blockchain analytics firm, <a href="https://x.com/santimentfeed/status/1841360170103832995" target="_blank" rel="noopener noreferrer nofollow">has highlighted</a> a seven-month high in network activity and a four-month high in whale transactions, indicating the potential for further price rise. Retail investors have since been taking advantage of the meme coin’s price gains in recent days.
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According to the data from CoinMarketCap, Dogecoin has risen 14.52% in the past 30 days and is up a modest 0.5% in the past week. However, in the past 24 hours, the DOGE token has dipped 8.14% and is trading at $0.1091 at the time of publication. Meanwhile, the cryptocurrency is ranked 8th in the market with a capitalization of $15.9 billion.&nbsp;
Read also: <a href="https://coinedition.com/dogecoin-doge-price-prediction/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price Prediction 2024-2030: Will DOGE Price Hit $1 Soon?</a>
<h2 class="wp-block-heading" id="h-dogecoin-price-trajectory-to-turn-bullish">Dogecoin Price Trajectory to Turn Bullish?</h2>
The Dogecoin price action has dropped to the lower region of the Bo…
The post <a href="https://coinedition.com/dogecoin-price-dips-18-but-on-chain-data-signals-bullish-trend/" rel="noopener noreferrer nofollow">Dogecoin Price Dips 18%, But On-Chain Data Signals Bullish Trend</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Dogecoin Price Dips 18%, But On-Chain Data Signals Bullish Trend

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