Dogecoin Profits Crash To 2-Year Low, But Price Divergence Hints At Rally.

Dogecoin's price has recently declined, causing widespread unrealized losses that have pushed the Net Unrealized Profit and Loss (NUPL) metric to a two-year low, comparable to levels seen in October 2023, which historically precedes reversals.

This market weakness is contrasted by positive signals: large Dogecoin holders (whales) have recently accumulated about 1.5 billion DOGE, indicating confidence in limited downside risk. Furthermore, technical analysis shows a bullish divergence, where the price made a lower low while the Relative Strength Index (RSI) made a higher high, signaling weakening downward momentum.

If this bullish setup is confirmed, Dogecoin could target a recovery toward $0.122, $0.131, and potentially $0.143. However, failure to hold support at $0.113 could invalidate the setup and lead to further declines toward $0.110.

(Source：BeInCrypto)