Dogecoin Could Slip Further by 20% As On-chain Metrics Show Sell-Off

Dogecoin to go Further Down, On-Chain Metrics Not in Favour

Witnessing the price actions of Dogecoin since July 17, it won’t be wrong to say that the price of Dogecoin has been on a clear uptick. However, the recent swing on July 26 at $0.233 seems to be the last one since Dogecoin has dipped approximately 13% from this point to where it is currently changing hands.

Moreover, it should be noted that the $0.213 resistance level has been serving as a major opposing force that has averted a move higher. 

Well, a decisive closing below the support level of $0.183 will be setting up a lower low and will be confirming the shift in trend, to bearish. 

In addition to this, it should be noted that the on-chain indicator shows a clear downtrend from 7,000 to 1,100 over the past three months and this significant decline suggests that the whales are not interested in investing in DOGE.

Dogelon Mars Surges 82% in Past 24 hours

There is no denying the fact that as the crypto industry is growing, we are seeing new crypto coins entering the market. One such coin is Dogelon Mars. 

In accordance with the metrics recorded on the leading market data aggregator, Dogelon Mars hit an all-time high by touching the mark of $0.00003012 with a 24-hour trading volume of $41,910627.

Also, it should be noted that Dogelon Mars has a total supply of 1 quadrillion ELON.