Dogecoin Price To Pump In February if Network Activity Keeps Surging

Dogecoin Price To Pump In February if Network Activity Keeps Surging
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Dogecoin has been witnessing significant network growth. This meme-based cryptocurrency has experienced a remarkable 1,100% increase in new address formations over the past week.

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Hey everyone how’s it going today this is crypto foxy thank you so much for stopping back by my channel so in this video we’re going to look at Dogecoin we’re going to look at the technicals surrounding Dogecoin the price analysis and we’re also going to look at um you

Know a historic uh historic event that had happened for Dogecoin the other day but before we do so please smash like button on this video And subscribe to my channel for more cryptocurrency news and information and Dogecoin is one of my favorite uh meme coins it is actually my

Very first cryptocurrency I know I I talk about that all the time but still I love it um you know I don’t own massive massive massive massive amounts of Dogecoin but I have a a decent you know position and uh it’s one that I just I

Just really enjoy it it’s just a great community and uh you know it has a lot going for it so Dogecoin price to pump to a dollar in February if network activity keeps surging so let’s have a look at this so Dogecoin price is experiencing a notable Resurgence as the

Crypto Market shows signs of Revival the price of Dogecoin has recently been oscillating between the 7.7 C and the 8.2 Cent range despite initial bullish Trends it failed to maintain momentum falling below its previous support level uh the past several days have showcased an overly bullish uh pattern with the

Weekend particularly witnessing a modest increase of over 5% so the 24-hour trading volume has also significantly decreased um plunging to over 21% to a value of 304 million ranked 10th in Market capitalizing ation so we’re look look here this is the chart and uh we spiked up came back down didn’t uh

Didn’t weren’t able to successfully uh uh go through resistance so over the past few weeks the crypto Market has been marked by considerable price volatility um just today we just had the fomc uh decision to stay interest rates um for the next little bit um in the

United States obviously but uh you know the overall cryptocurrency Market uh does get impacted by these decisions so I do I always you know like to uh to uh follow along and make sure that I know what’s going on in the overall Market despite these fluctuations Market analysts maintain a positive outlook on

Dogecoins potential for growth um so recent Market Market flu fluctuations um have definitely been causing a lot of volatility in a recent tweet on January 30th renowned cryptocurrency analyst Ali highlighted Dogecoin significant Network growth this meme-based cryptocurrency has experienced a remarkable uh 1,00% increase in new addresses uh formed over

The past week the Dogecoin network is witnessing a remarkable surge she writes uh staggering 1,00% over the past week uh record-breaking uh 247,000 but uh on January 29th 2024 that day we created uh that many new Doge addresses which is a record high for the coin so that is that is really really

Cool however I think we’re getting a little bit ahead of ourselves uh aiming for a dollar I mean um obviously I’d love to see Doge at a dollar however I mean like we have to be realistic as well right but if the Bulls keep the Doge price around the crucial 8 cent

Support level it will challenge its next resistance at 9 cents sustaining this level could pave the way for Doge to aim for high resistance Market a dollar this scenario hinges the Market’s ability to maintain its current momentum so the macd is showing a diminishing red histogram which is a sign of increasing

Bullish momentum in the market and the moving averages are hinting at an impending bullish crossover which is great for uh the technicals as well the RSI is holding a neutral stance so it uh while there appears to be uh lean towards a bullish sentiment the market is still in a phase of anticipation

Waiting for a more uh decisive signal so there we have it I mean everything is looking well however we don’t you know obviously things can uh be very very volatile in the cryptocurrency market and that has been such in the last uh the last few weeks so we have definitely

Been seeing a bit of uh you know up and down some trending sideways and you know a few dumps here and there and uh you know resistance uh bouncing off resistance lines and such so that’s what we got going on for Doge right now so we’re looking obviously at the 8 cent

And then the 9 Cent range um so we’re going to keep some keep an eyee on that see what happens um but is a dollar going to happen I’m going to say not overnight I mean that’s a long-term uh that’s a long-term Outlook in my opinion um but definitely I do enjoy watching

The growth on the network that is that is definitely something that uh we can’t uh can’t just brush under the rug that is definitely a great uh accomplishment for Doge so that’s what I go for you in this video thank you so much for tuning

In and I will catch you in the next one peace