Dogecoin (DOGE) has recently increased by 7% of value in the last 24 hours, reflecting a strong upward movement which has been propelled by a commercial activity renewed on the cryptocurrency market. This positive trend is widely attributed to increased trust in investors, as evidenced by a significant increase in the maintenance time for coins. This trend indicates that more investors keep their tokens, suggesting an optimistic perspective for the short -term room.
Understanding the maintenance time and its implications for Dogecoin
One of the most important factors contributing to this increase is the spectacular increase in the maintenance time for coins. During last week, the time to maintain all the coins that have been treated has soared 302%, according to intotheblock data. But what does that mean for the future of Dogecoin?
The maintenance time is a metric used to measure the average duration of the tokens which are maintained before being sold or transferred. A longer maintenance time suggests that investors are more confident in their positions and are less likely to sell in the short term. This reduced sales pressure can play a major role by pushing the upward price because demand for assets exceeds its available supply. While more and more investors choose to keep their parts rather than selling them immediately, the market becomes less flooded with tokens, which can contribute to the increase in value.
In the case of Dogecoin, this increase in maintenance time suggests that an increasing number of investors are more optimistic about the future of the token and are ready to browse market fluctuations. This accumulation tendency, rather than liquidation, could lead to an upward dynamic in the coming days or weeks.
Positive indicators and bullish feeling on the market
In addition to the increase in maintenance time, other market signals suggest that Dogecoin is positioned for more in -depth growth. One of the key indicators is the positive financing rate observed in the long -term Dogecoin market. The financing rate is currently at 0.0040%, which reflects growing confidence among long -term merchants. When the financing rate is positive, long traders (those who buy) pay over the merchants in their open (those who sell) to keep their positions open. This implies that more traders are betting on the price of the increase in Doges, because the long positions prevail over short positions.
A positive financing rate is a good indicator of bullish feeling, as it shows that traders are more likely to buy and maintain the asset rather than anyway. This type of market feeling, associated with reduced sales pressure, could further supply Dogecoin growth in the short term.
Another promising technical indicator is the Silver Flow of Chaikin (CMF), which measures the flow of silver in and outside a particular asset. The CMF for Dogecoin has continued to raise regularly, with a current reading of 0.06. A positive CMF indicates that there is more money that takes place in Dogecoin than leaving, indicating that the purchase of pressure is currently exceeding the sales activity. This purchase pressure can support the price of the room and potentially push it higher in the near future.
Dogecoin price perspectives: Target $ 0.32
With positive technical indicators such as the increase in maintenance, favorable financing rates and the flow of money upwards of Chaikin, the dogecoin prospects are optimistic. If these trends continue, the Doge price could target $ 0.32 in the short term. This would represent a significant increase in prices compared to its current levels, offering a high potential performance for investors who accumulated positions during the recent decrease.
However, like all cryptocurrencies, Dogecoin remains sensitive to market volatility, and there are still risks involved. If the wider market becomes a drop or if the pressure sale folds, the price of Dogecoin could face resistance at lower support levels. A drop below $ 0.24 would indicate that the Bears will resume control, which causes a drop of $ 0.19.
Conclusion: a prudently optimistic future
The recent increase in Dogecoin prices is an encouraging sign, supported by a significant increase in maintenance time and other bull market signals. Investors show greater confidence in the assets, long -term holders being more numerous than those who seek to sell. If the current positive momentum persists, Dogecoin could be on the right track to reach the brand of $ 0.32. However, potential challenges remain and investors should keep an attentive eye on market developments, because any change in feeling could have an impact on the price trajectory of the room.
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