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If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 Dogecoin (DOGE) is at a critical turning point. On-chain data shows that long-term holders are beginning to adjust their positions, which may mean that market sentiment is shifting from optimism to caution. According to the latest report from blockchain analysis agency Glassnode, experienced investors have recently experienced significant profit-taking behavior.  Data shows that on October 31, Dogecoin’s holder net position change (HNPC) turned negative for the first time in weeks. About 8.2 million DOGE flowed into the wallet, while 22 million DOGE flowed out, which means a 36% behavioral reversal. In other words, those old currency holders who have profited from the previous rise are beginning to reduce their positions, and the market mentality is becoming conservative.  Glassnode pointed out that the HNPC indicator reflects the true attitude of mature investors: Positive values represent increased confidence and investors choose to increase their positions.； Negative values suggest profit-taking or loose chips. The current negative reading indicates that long-term funds are gradually selling after consolidation, and market volatility may increase in the short term. At the same time, the technical aspect has also entered a critical game stage. Crypto analyst Amina Chattha pointed out that DOGE is currently testing the support level of $0.18, and the price once dropped to $0.1655, indicating weak market momentum and lack of buying confidence. $0.18 is regarded as an important psychological level for Dogecoin, and bulls have launched defenses in this area many times. Chattha believes that as long as the price can stabilize at this level, there is still a chance for a short-term rebound to the range of $0.195-0.205, forming a phased repair market. However, if the price falls below $0.175, the bears may gain the upper hand and the market may further test lower support areas. It is worth noting that despite profit-taking selling, the market volume of Dogecoin unexpectedly surged by US$2 billion, indicating that funds are still in the game. Some giant whales sold about 500 million DOGE during this period, but this did not completely suppress market sentiment, but instead stimulated short-term bullish speculation. To sum up, Dogecoin is standing at a crossroads of direction choices: If it holds $0.18, it may usher in a technical rebound； If support fails, a deeper correction may be triggered. The trend in the next few days will be a critical moment in determining whether DOGE can regain its upward momentum. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 |
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