Dogecoin Eyes Massive Bull Surge As Metrics Turn Green

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Dogecoin Eyes Massive Bull Surge As Metrics Turn Green - NewsBTC

Quick Summary:

These metrics, which include increased trading volumes, increased outflow from exchanges, a rise in whale transactions, and a rise in buy orders, collectively indicate that the sentiment surrounding DOGE is again turning optimistic. Dogecoin Metrics Turn Green Various Dogecoin on-chain metrics point to DOGE undergoing a bullish rally as we enter a new week.

Notably, metrics from IntoTheBlock signal bullish, with two on-chain signals and two exchange signals turning green. Regarding on-chain signals, the “In The Money” metric has increased by 2.52%, while the “Large Transaction” metric has increased by 1.65%, both bullish for DOGE.

Similarly, netflow (inflow minus outflow) has reduced by 120.56 million DOGE tokens in the same time frame, which suggests more withdrawals than deposits into exchanges. Dogecoin Eyes Bull Run With metrics pointing bullish and the wider market receiving inflows, the only place left for DOGE to go is up.