Bullish On-Chain Metrics
- 83% of DOGE holders are in profit.
- 65% of holders have held for over a year.
- More DOGE is being moved to self-custodial wallets.
- A whale transferred 150 million DOGE off exchanges.
Upcoming Bullish Events
- DOGE Day on April 20th (predicted price surge to $0.26).
- Bitcoin Halving around the same time.
- Coinbase launching DOGE futures on April 29th.
Reasons for Price Decline
- Bearish sentiment in the broader crypto market.
- Sell-offs triggered by Iran’s attack on Israel.
- Uncertainty over Israel’s response.
Conclusion
Despite bullish on-chain metrics and upcoming events, DOGE’s price has declined due to the overall market sentiment. If Israel chooses not to escalate the conflict, the market is expected to recover. However, further violence could worsen the situation for DOGE and other cryptocurrencies.
