Dogecoin Investors’ Participation Hits 6-Month High As Profits Rise To February Levels 🚀
Dogecoin's performance is capturing investors' attention as it achieves a six-month peak in participation. The Net Unrealized Profit/Loss (NUPL) metric signals investor optimism, boosting confidence in DOGE's price potential. Despite a temporary market pause, the prevailing sentiment suggests a bullish outlook.
Active addresses have risen, enhancing Dogecoin's liquidity and market depth, which aids price stability. DOGE, trading at $0.233, must overcome resistance at $0.245 to fuel bullish trends. Success could attract more capital, while a failure risks dropping below support at $0.220, threatening recent gains.
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