Dogecoin Price Flashes Buy Signal as On-chain Data Points to 40% Rally
coingape.com 05 September 2024 19:20, UTC
Dogecoin price plunged 1.3% to $0.096 during the U.S. trading session on Thursday. The downtick follows the broader market sentiment as Bitcoin extends correction below $60000. With most major cryptocurrencies struggling to find a bottom, September may see an extended downtrend. Despite the bearish outlook, large holders (whales) remain optimistic, continuing to accumulate DOGE even as its price declines, signaling long-term confidence.