Dogecoin, one of the largest meme coins in the crypto ecosystem, is on track to possibly extend its gains further this week.
Dogecoin price could extend its gains after hitting $0.077 for the first time in nearly three months.
holders These on-chain metrics support a bullish thesis for price of $0.0759: 50.29% wallets are “In the Money,” meaning they are sitting on unrealized profits 26.40% wallets are “Out of the Money,” meaning they are sitting on unrealized losses Typically, as the percentage of wallets “In the Money” climbs, we are nearing a local top in
, therefore the asset has the potential for an upward breakout. It is important to note that traders need to be cautious as the asset approaches what is likely a local top. If Dogecoin price slices through the $0.0817 level, the next key hurdle is at $0.0137. Global In/Out of the Money
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