Can Long-Term Holders Support Price? | Airdrop Alert Pro

Dogecoin’s price has almost no momentum lately, with a price of around $0.25, with no clear direction. This uncertainty has been extended to futures Markets, traders are not sure about the next move of the coin.

However, the Long-Term Holder (LTHS) showed resilience, continuing to improve their stance and providing some support for recovery.

Dogecoin faces uncertainty

The average coin age (MCA) indicator showed a significant increase, indicating that long-term holders avoid liquidating their Governor. Instead, these investors are maintaining their positions, which is a good sign Dogecoin’s price stability. Their ongoing maintenance behavior demonstrates their confidence in potential recovery.

This resilience of LTHS plays a crucial role in supporting Dogecoin’s price, especially in times of uncertainty. Although short-term traders may react to market volatility, LTHS’s firm action provides potential for price recovery and provides a broader market situation to the basis for future growth.

Dogecoin’s broader macro momentum remains uncertain as the funding rate between positive and negative has been fluctuating. This volatility reflects a market in which traders are uncertain about their direction and move their position accordingly. As the funding rate becomes more negative, short contracts dominate long-term contracts, indicating an increase in bearish sentiment.

This uncertainty in market sentiment is left Dogecoin fragile further volatility. Negative funding rates suggest that traders are betting on further price declines, and the shift to bearish could seriously affect Doge’s performance. The lack of clear bullish indicators means the market is still on the edge, especially for short-term investors.

DOGE price forecast: rebound

Dogecoin is currently Priced at $0.254, after briefly sliding out, I found myself in a descending wedge pattern. This pattern usually implies the potential for moving upward in the future. Although the model’s target remains above $0.400, Doge’s direct goal is to recoup the $0.268 support level.

Ensuring support for $0.268 is critical to Dogecoin, allowing Altcoin to move towards a $0.311 price. If prices can establish a solid foundation at this level, it may mark the beginning of higher price recovery, attracting additional purchasing interests from retail and institutional investors.

However, failure to violate $0.268 may lay the foundation for another downtrend. If the price cannot hold this support, The dog may fall As low as $0.220, invalidating bullish papers and extending current uncertainty. This situation will indicate ongoing weakness and may lead to further sales pressure.