Key Points:
- Dogecoin’s price is stable despite Elon Musk’s lawsuit win.
- More people are talking about DOGE, showing increased interest.
- Active addresses are up, but the market is still unsure.
Dogecoin Price Unchanged After Elon Musk News
Dogecoin’s price hasn’t moved much, even after Elon Musk’s recent legal win. Over the last 24 hours, DOGE’s price dropped slightly by 0.9%, now trading at $0.10. The market remains uncertain, with the price staying in the same range for the past three days. Some expect a rise to $0.13, but it depends on market changes.
More People Talking About Dogecoin
According to data from Santiment, Dogecoin’s social activity has hit a 3-month high. This means more people are discussing DOGE online, and most of the chatter is positive. More attention usually leads to price movement, but that hasn’t happened yet.
At the same time, the number of active Dogecoin addresses has reached a two-week high. This suggests that more users are interested in the coin. However, with the price staying the same, the market still seems unsure about DOGE’s next move.
Mixed Feelings Among Traders
Traders are showing mixed emotions about Dogecoin. The Daily Active Addresses (DAA) data is negative, meaning more people are using DOGE, but the price isn’t increasing. This could mean that people are talking about Dogecoin but not making transactions.
The Coinglass data shows that more traders expect the price to fall than rise. This points to a bearish outlook, but the difference between buyers and sellers is getting smaller. If this changes, DOGE could see a price increase to $0.13.
Looking Forward
Looking ahead, Dogecoin’s price could go up or down, depending on what happens next. While some think it could rise to $0.13, there’s also a chance it could drop to $0.0935. If that level doesn’t hold, the price might fall further to $0.08.
For now, Dogecoin’s price remains steady. While more people are talking about and using the coin, the market is still waiting for a clear signal before making big moves.
