Dogecoin has returned to a historically watched on-chain accumulation area after a drop of more than 5% on Wednesday renewed pressure on the meme coin.
Summary
- Dogecoin dropped more than 5% as selling pressure pushed DOGE back near a key long-term CVDD accumulation zone.
- Alphractal said DOGE’s lower CVDD band near $0.10 to $0.11 has appeared before major historical rallies.
- Ali Martinez said the TD Sequential flashed a DOGE buy signal as other analysts watched for a possible breakout.
According to Alphractal, Dogecoin is now trading close to the lower area of its CVDD Channel, a model the analytics firm uses to track long-term value zones by measuring coin movement against both dollar value and time held. The…
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Source crypto.news
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