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Cryptopotato

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Dogecoin (DOGE) Metric Falls to 4-Month Low – Is a Deeper Correction Ahead?

  • Dogecoin's network activity hits its lowest level since October last year amid a double-digit weekly price drop for the asset.
  • Analysts remain optimistic, foreseeing a rise to a new all-time high if DOGE's valuation stays above $0.19.
  • DOGE's network activity has dwindled, with only 66 whale transactions and less than 60,000 active addresses per day.
  • Some believe DOGE's price reversal is possible if it remains above the $0.16-$0.19 support zone and receives further hype from Elon Musk and the Department of Government Efficiency.

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