Is Dogecoin’s 40% Surge a Joke or the Real Deal? 🚀😂

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  • So, Dogecoin‘s big-shot transactions decided to party over the weekend. 
  • Meanwhile, other vital signs are still as cheerful as a grumpy cat, which might keep DOGE from breaking free.

According to IntoTheBlock’s data, Dogecoin [DOGE] whale transactions surged by a whopping 41% in just a day. You’d think it’s a sign of good times, right? Could be, but then again, it might just be whales playing a cruel joke on us.

Oh, and get this: active daily addresses jumped by 34%. Because, you know, people love to watch a trainwreck.

So, these numbers are like a bad date that won’t take a hint. Everyone’s looking, but no one’s sure if they should commit. Hence, AMBCrypto did some snooping to see if DOGE’s actually gonna make a comeback or just keep trolling us.

DOGE’s Mixed Signals: Confused Much?

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Santiment says social volume was all “Hey, look at me!” from the 13th to the 21st, then it went “Bye, Felicia” into the weekend. So much for the love story.

And the overall sentiment? As positive as a rainy day. Speculators are playing it safe, waiting for the big FOMC meeting at the end of the month. Because, you know, stability is overrated.

These bearish readings are like the friend who tells you your date’s a disaster, even though your mom thinks they’re great. The mixed signals suggest DOGE might just keep waffling until the Fed makes up its mind.

But hey, the 30-day MVRV is back in the dumps, which means DOGE is the ugly duckling just waiting to become a swan. And, surprise surprise, nearly 85% of top Binance traders are betting on a rebound. Because hope springs eternal, right?

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But if you’re looking for a bargain, you might want to wait for the price to dip below $0.32. DOGE’s been doing the hokey pokey between $0.32 and $0.40 since December.

With the CMF (capital inflows) taking a dive, we might just see DOGE hit the bottom of the barrel soon. 

And let’s not forget the DOGE ETF speculation. Bitwise is the latest to throw their hat in the ring. Some guy named Ali Martinez thinks it could send DOGE to the moon. But the market’s like, “Eh, maybe. Flip a coin.”

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2025-01-26 02:17