Dogecoin (DOGE) has experienced a notable shift in on-chain data, with exchange net position change turning positive after a period of outflows. This development, often associated with potential price rebounds, has been highlighted by analyst Ali Martinez, who notes that similar supply dynamics have historically preceded rapid rallies. DOGE is currently trading between $0.15 and $0.16, recovering from recent lows.
The change in exchange deposits coincides with increased institutional interest, marked by the launch of the DOJE ETF in September, which has introduced new liquidity dynamics. Market analysts are divided on the implications, with some interpreting the inflow as a sign of short-term selling pressure, while others see it as a potential catalyst for a sharp price increase. Traders are closely watching price reactions and key resistance levels, such as $0.27, to determine the token's next move.
Dogecoin Exchange Deposits Signal Potential Price Rebound
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