Dogecoin [DOGE] holders might be amazed to look at their portfolio, thanks to...
In the last month, the Mean Dollar Invested Age for the popular crypto meme coin, DOGE, has been on an uptrend, according to data from
The longer the uptrend continues, the longer the stagnancy in price. Conversely, when a coin’s MDIA starts to drop, it means that wallet addresses previously dormant have commenced ‘moving’ the coins around. This is usually indicative of an uptick in the price of such an asset.On 18 July, the DOGE traded at $0.064. Since the fall in the coin’s MDIA, the price of DOGE registered an 11% uptick.
On a daily chart, the coin’s Relative Strength Index has taken on an uptrend since 18 July. This is indicative of an increased buying pressure for the DOGE in the last four days. At the time of writing, the indicator was spotted in an uptrend at 56.59.Dogecoin has recorded significant on-chain traction in the period under review. For example, the index for the number of unique addresses that transacted DOGE between 18 July and 20 July rose by 15%.
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