• Dogecoin has added around 19% in value since its uptrend began.
• The number of holders has remained the same since May.

Dogecoin [DOGE] has experienced an increase in value, in line with the overall cryptocurrency market. While it hasn’t yet reached the threshold that had raised expectations of reaching $1, it has provided DOGE holders with something to hold on to.

Read Dogecoin’s [DOGE] Price Prediction 2022-23

Dogecoin maintains a strong run despite decline

From 1 October to the present day, Dogecoin has seen an increase of more than 10% in its value, as indicated by its daily timeframe chart. Moreover, when we examine the period from the beginning of the current uptrend until now, DOGE has appreciated by over 19% in value.

A deeper analysis of its weekly trend revealed that it broke out of a multi-year descending triangle on 29 October. The trading session on that day closed with a gain of just under 1%. 

At the time of writing, DOGE was trading at approximately $0.06, reflecting a decrease of less than 1%. Despite this slight decline, the asset was still firmly entrenched in a strong bullish trend.

Also, it appeared that this dip has had minimal impact on the profitability of certain DOGE holders.

Dogecoin holders holding at a 100% profit

The recent upward trends in Dogecoin

Go to Source to See Full Article
Author: Adewale Olarinde

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