Dogecoin Exchange Outflows Surge with $23 Million Exiting Exchanges
Exchange Outflows Signal Accumulation and Supply Squeeze
- Nearly $23 million in DOGE has exited exchanges, indicating accumulation by long-term holders.
- Reduced liquidity could amplify price reactions to demand spikes.
- The addition of the 21Shares DOGE ETF (TDOG) to DTCC signals growing institutional interest in meme coin-linked products.
Dogecoin Price Analysis: What’s Next?
- Dogecoin is consolidating within a symmetrical triangle, trading near $0.25.
- A breakout above the triangle's upper trendline could lead to a rally targeting $1, a potential 300% increase.
- RSI is neutral at 54.5, and MACD indicates early bullish momentum.
- If the ascending structure holds, mid-term targets are $0.35–$0.40 before potentially reaching $1 long-term.
- A downside break could result in a short-term correction to $0.15–$0.14.
- Bullish trend remains if support holds above $0.18–$0.20.
DOGE’s $1 Breakout Fires Up Maxi Doge Presale
- Maxi Doge ($MAXI) is gaining attention, raising $2.88 million with its presale nearing a price jump.
- The project combines meme culture with fitness, promoting a lifestyle of persistence and improvement.
- Maxi Doge offers staking for rewards, trading competitions, and gamified tournaments.
- The Maxi Fund supports liquidity, marketing, and growth initiatives.
