Dogecoin activity in the height: Will DOGE help get $ 0.19? star-news.press/wp

• The derivative activity extends with the passage of Dogecoin from the demand area, targeting $ 0.19.
• The whale supports and improves MVRV this upward view despite the low network activity.

Dukwin (Duj) It has been sharply recovered from the lower border of the multiple trading channel, which led to the ignition of renewable upward feelings.

This technical apostasy coincides with 15.78 % leap In the open interest to $ 2.09 billion and an increase of 402 % in the volume of options – indicating that traders are strongly determined for more upward trend.

This step indicates an increase in speculative interest, which is likely to target medium -term resistance of $ 0.19, with a possible continuation of about $ 0.26 if the momentum continues.

Strong enough to the heart of the resistance?

The price of the Doug from the demand area increased from 0.13 to $ 0.15, with a bullish pressure. RASI randomly crossed over 80, indicating a possible continuity of the upward trend.

However, the descending resistance line near $ 0.19 is still offering prices. The daily candle above this direction line can indicate an outbreak, leading to more bullish momentum.

Until then, Dog remains in technical pressure between historical support and dynamic resistance.

Therefore, the bulls must keep the purchase pressure to challenge this upper barrier and keep the momentum in the short term about $ 0.26.

The activity of the whale returns and the flows of a positive spot turn strongly

After weeks of continuous outflows, Dogecoin recorded a net $ 8.23 ​​million at the time of this report, indicating confidence in renewable whales.

This flow represents a major shift in behavior on the chain, indicating that a large bearer accumulates again.

Historically, such flows correspond to the ups and medium -term gatherings. Therefore, the positive Netflow supports the last technician bounce and can help keep moving about $ 0.19.

However, if the flows fade again, the strength of the price may be short -term. Currently, the whale activity on the chain reflects the improvement of feelings.

Dogecoin can open more bullish trend …

MVRV Z-ScoRe from Dogecoin has turned to 0.355 after dipping it to the lowest levels close to history in late June.

This scale, which measures pregnant profitability in relation to the market value, indicates that DOGE recovers from reducing the value.

Although the result is still lower than the upscale thresholds, continuous climbing indicates that the risk of the negative side decreases. This shift can encourage participants to re -enter, adding upward price pressure.

However, MVRV is still a late indicator, and the price should break the main resistance levels to verify the health of the morale. However, improving the degree of Z adds a bullish weight to Doug’s expectations.

Why is Steam’s network activity losing again?

Although the last prices recovered, the Dogecoin activity slowed on the chain sharply. Daily active headlines decreased to 33.7 km, while the number of transactions decreased to 14.8 thousand as of the third of July.

This represents a sharp decrease from a rise on June 22, when both metrics exceeded 500 thousand. Such a contraction in use indicates a decline in the retail interest, and may weaken the momentum behind the current gathering.

However, the price of Dog led historically the activity, and did not follow it. Thus, if the current upward batch continues, the network sharing may be briefly before rehabilitation.

Will Dog reach $ 0.19 and erupt?

Dogoin’s confluence of strong support, increased derivative sharing, and renewable whale flows creates a positive preparation for the continuous upward upward movement.

However, success depends on whether the bulls can pay a concession resistance near $ 0.19. While the MVRV Z-Score and Netflows indicate the improvement of morale, the decrease in the network activity prevents expectations.

If Dog is broken over the resistance on a strong size, the path is about $ 0.26 opens. Until then, the momentum is suspended in the balance, and the bulls should remain active to keep the gathering.