The Dogecoin price experienced a significant drop this week, sliding down more than 20% at times, from a peak of $0.1321 on Saturday to a low of $0.1026 by Tuesday. Despite this decline, on-chain metrics and expert analysis suggest a potentially bullish future for the popular meme coin. Dogecoin Price Remains Bullish On-chain analytics firm Santiment has provided a detailed breakdown of Dogecoin’s activity via X today, indicating robust participation from large-scale holders, known as whales, in the cryptocurrency’s network. “Dogecoin has retraced -18% from its top back on Saturday. But on-chain activity indicates that whales may not be done with all the bullish momentum of crypto’s top meme coin. Though they took profit just before the top, their activity remains very high on DOGE’s network,” Santiment reported. The analytics firm also highlighted a surge in Dogecoin’s network activity, noting that Dogecoin just hit a 7-month high in address activity and 4-month high in whale transactions while retail transactions jumped out on the price dip. Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts – Is DOGE Primed F ..
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