Large Investors Still Support Dogecoin
Dogecoin (DOGE) is up 3.3% this week to $0.2065, outperforming the broader crypto market, where Bitcoin (BTC) has gained a modest 0.15% to $114,530. DOGE surged 29.3% in July, reaching $0.2125 and peaking at $0.2875 before retreating amid broader negative market sentiment. Despite the pullback, the overall monthly performance highlights the memecoin’s underlying strength.
August has brought renewed pressure, but strong support from large investors at the key $0.2000 level reinforces the bullish outlook. If this support continues to hold, the next upside target remains $0.3000, a level that would mark a significant continuation of DOGE’s recovery trend.
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