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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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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