After months of consolidation, Dogecoin price is attracting attention again, and the signs of growth appear more convincing than ever.
Increase in Dogecoin Trading Volume
According to analyst GA Trading, Dogecoin has added over $1 billion in trading volume in the last 24 hours. Such volume spikes often accompany significant breakouts, and DOGE's current move from a descending triangle supports this notion.
Growth in Dogecoin Holder Count
In May, the number of Dogecoin holders surged significantly in a single day. While it has cooled off slightly, the number of wallets holding DOGE remains among the highest. An increasing holder base indicates confidence rather than mere speculation.
Technical Analysis and Fibonacci Levels
The price chart shows a textbook Fibonacci setup, allowing identification of key resistance levels. Three critical targets are projected: $0.20725, $0.22983, and $0.25250.
The combination of increased trading volumes, a rising number of holders, and technical signals forms a strong foundation for potential price growth of Dogecoin in the near future.
