Dogecoin (DOGE) On-Chain Activity Remains Strong Despite Recent 18% Price Dip

DOGE

DOGE/USDT

$0.09091

+2.09%

$0.09091

+2.09%

(24s)

24h Volume

$726,571,811.51

24h H/L

$0.09149 / $0.0880

Change: $0.003490 (3.97%)

Long/Short

77.7%

Long: 77.7%Short: 22.3%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Dogecoin

Daily

$0.09029

▲ 0.28%

Volume (24h): -

Resistance Levels

Resistance 3$0.1041

Resistance 2$0.0989

Resistance 1$0.0923

Price$0.09029

Support 1$0.0888

Support 2$0.0827

Support 3$0.0783

Pivot (PP):$0.089917

Trend:Uptrend

RSI (14):62.3

COINOTAG news reports that on October 2, Santiment shared on social media that Dogecoin (DOGE) is witnessing significant market movements, having dropped 18% from its peak price on Saturday. Despite this decline, on-chain data reveals that whales are maintaining their bullish stance on DOGE, a leading meme coin in the cryptocurrency ecosystem. While profit-taking activities by whales occurred prior to the peak, their presence within the DOGE network remains notably high. This sustained involvement by whales highlights continuous interest and potential future upward trends for DOGE.