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#DOGE The recent rise in Dogecoin prices has revived enthusiasm across the community, as the asset increased by 36% in just one week.
But beneath the surface, key indicators suggest that the rise may be unstable—especially after long-term holders begin to take profits.
On-chain data shows a spike in "spent age" — a metric used to track the movement of inactive tokens. This jump indicates that long-term holders, often seen as stabilizing forces in the market, are shedding a significant portion of their assets. This is the most aggressive sell-off from this group since mid-2023.
Although the short-term dynamics still paint an encouraging picture, the technical signals are becoming contradictory. The Ichimoku Cloud – a tool used to assess market trends – indicates that Dogecoin is trading above support levels.
XRP may surpass Bitcoin in this indicator, according to experts.
However, prolonged sell-offs from long-term portfolios can undermine this strength and trigger a reverse trend.
At the time of writing, DOGE is trading at around $0.244, but analysts are watching $0.220 as a key level. A break below could send the coin to $0.198, erasing much of the recent gains.
Given that small players are quietly leaving and the macroeconomic climate is cautious, the next move of Dogecoin is likely to depend on whether buyers can withstand the pressure or succumb to it.