Doge to the Moon? 🚀 Or Just Another Dip?

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So, About Those Dogecoins…

Right. Dogecoin. It seems to have been having a bit of a… jaunt upwards. Apparently, its price ‘raced past’ the $0.2 mark. Which is nice for those involved, I suppose. Though the on-chain metrics are whispering tales of folks cashing in – a suspiciously large number of profitable holders since May. Honestly, it’s like everyone suddenly remembered they owned some. 🤷

Currently, it’s the biggest memecoin around, boasting a market cap of $35.8 billion. Shiba Inu is trailing behind at a measly $8.67 billion. A *huge* difference, admittedly. One does wonder what the world has come to when pictures of dogs are worth… well, a lot of money. It’s the crypto world, folks. Don’t ask questions. Just accept the absurdity. 🤪

Over the last week, DOGE climbed a respectable 22%. Shiba Inu and Pepe, bless their little hearts, could only manage 12.5% and 8.7% respectively. So, Doge is still king, even if Bonk is nipping at its heels. And the question, naturally, is: will this keep happening? Or is this the peak of peak doge?

Is Someone Buying, Or Is Someone Selling? (A Very Important Question)

Apparently, a lot of Dogecoin holders are suddenly… in profit. Shocking, I know! This means ancient tokens, ones that have been gathering dust since the dawn of cryptocurrency, are on the move. You can tell by the ‘mean coin age’ and something called ‘MVRV’ which, frankly, sounds like a particularly unpleasant magical ailment. Both are pointing downwards, which is code for “people are selling.”

The MVRV says holders who’ve been hanging on for 180 days are up about 15%. Which explains why they might want to treat themselves to something nice. A small island, perhaps? A lifetime supply of dog biscuits? 🤔

The ‘HODLer net position change’ – because everything in crypto needs a special name – suggests long-term investors *were* accumulating for most of 2025. Though lately, they’ve slowed down. Which, given the rising prices, isn’t entirely surprising. Someone has to be sensible, don’t they?

The charts, bless them, show a ‘bullish structure’. Volume is up. It bounced off $0.196 and tried for $0.25, but alas, retreated a bit (6.66%, naturally. Because of course.). The RSI is saying things are good, but the CMF is hinting at a slowdown in the money flowing in. Complicated, isn’t it? It’s like trying to predict the weather with a biscuit. 🍪

So, what next? Well, everyone seems to want Dogecoin to break through $0.25. If it can, that’d be… good. Apparently. More opportunities to buy, they say. Though one suspects the entire crypto market occasionally runs on nothing but hope and hype. Just a thought. 🧐

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2025-07-20 10:17