Breaching this key barrier could prevent $2.5 billion in losses from Dogecoin’s price.
Dogecoin (DOGE) needs a push to reach a 12.5% rally and become profitable for investors, according to the Global In/Out of the Money (GIOM) indicator. Over 32.27 billion DOGE, worth around $2.5bn at current prices, were bought at an average of $0.0840, and could make their holders profitable once DOGE flips the critical resistance of $0.0826 into a support floor. However, experts have warned that investor interest has been weak for DOGE, with very few daily active addresses and little activity from Dogecoin whales, meaning rallying the price may be difficult. The cryptocurrency has seen little interest from investors over the last 30 days and the price has declined significantly since marking a year-to-date high of $0.959 back in February.
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