Dogecoin bullish, on-chain data weak
This is a news story, published by CoinGape, that relates primarily to DOGE news.
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Dogecoin price predictionCoinGape
•Analyst Forecasts Dogecoin Price Target of $15, But On-chain Metrics Hint DOGE is Dead
67% Informative
Dogecoin ( DOGE ) price, a major meme-based cryptocurrency, has maintained bullish momentum, hovering above critical support levels.
Analysts predict DOGE could surge to $ 15 , fueled by speculative hype around a potential DogeCoin ETF.
However, on-chain metrics reveal stagnation, raising questions about the cryptocurrency’s sustainability.
Daily active addresses ( DAA ) plummet, signaling lower user engagement on DogeE.
The market remains at a pivotal point, requiring strong catalysts for sustained growth.
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