Analyze the Dogecoin prices recovery ratings following Trump-Musk ship

• During the last major drop in Doge, a significant amount of liquidity of $ 380 million + was trapped at $ 0.50
• The total market capitalization of the same is now much greater than in 2021, but the OI and the daily volume remained low

The Memecoin sector has rebounded on graphics in the last 24 hours. This recovery followed a cascade of liquidations on the back of the public spit between President Trump and Elon Musk.

DOGECOIN (DOGE)The largest same on the market, led the charge, with the same, indicating, flashing signals of a potential recovery at the time of the press. However, is the real question-does this rebound have a stay?

Dogecoin metric signals

At the time of writing the editorial staff, there seemed to be significant liquidity around the $ 0.50 zone. It was worth more than $ 380 million DOGE, built from the previous rally of the same.

Normally, large groups of short positions are followed by significant rallies after the sales pressure has decreased. Before Doge left his last wave, he follow up A similar diagram by accumulating at the bottom then soar higher higher.

At the time of writing, the graph underlined a potential mirror configuration forming again.

If the decrease trend reverses, an escape from the higher liquidity collection around $ 0.50 should develop.

In addition, the DOGE / BTC pair is now approaching a key support area – strangely similar to the conditions seen before the legendary Rally 2021 of DOGE.

At the same time, the network for Doge remained strong, according to the last Santiment data. At the time of the press, he had 7.97 million active addresses – more than USDT or XRP. With such a large base, Dogecoin could manage the ups and downs of the market.

Bitcoin was in second place with 55.39 million holders behind Ethereum with 148.39 m. For its part, the growing number of DOGE users could prepare it for another increase in graphics.

And yet, if the resistance levels are not broken, there could be a delay in price gains or a low drop in prices. It should be noted, however, that the result does not fully depend on the level of activity and ease of negotiation.

Why could the other people follow?

The samecoin index began to bounce back after the slide last month. Due to this recovery, the total market value of the same is now already higher than in 2021.

And yet, the open interest in all the same has not been very high. It had a value of only $ 3.2 billion, with daily negotiation volumes of $ 12 billion. These figures are significantly lower than those of Bitcoin or Ethereum.

The divergence between the prices of the same and Bitcoin suggested that the same has not performed well recently.

Despite this, this category of altcoins tends to climb when the BTC gathers. In fact, major price oscillations are proof that the sector could attract new speculations in the future.

Dogecoin and top same could resume in the near future if there is a good change in the cryptography market.

At the same time, as volume and interest has been low, a strong hike could require additional enthusiasm from retail and institutional merchants.