Cryptocurrency analysis firm Alphractal has shared a remarkable market assessment of Dogecoin (DOGE).
According to the company's analysis, short-term investors (STH) have begun accumulating Dogecoin again, while long-term investors (LTH) have begun releasing their coins. Alphractal noted that historically, periods of DOGE accumulation by short-term investors have signaled strong bull markets, adding, “We may be on the verge of a major Dogecoin price jump.”
Alphractal founder Joao Wedson argued that altcoin markets have performed poorly compared to Bitcoin over the past two months:
“Over the last 60 days, leading altcoins have lost value against BTC. The current altcoin rally is largely driven by new projects or Binance Smart Chain-connected coins. September isn't over yet, so I expect some recovery in BTC dominance. More established altcoins will only regain traction after that.”
Wedson pointed out that it is wrong for investors to attribute market movements to the news flow:
If you position on the Fed, the FOMC, interest rate cuts, Trump, or Elon Musk, you're doomed to lose. As Wyckoff taught a century ago, news is an effect, never a cause. Smart money and market makers anticipate information and quietly build their positions. When the news breaks, they're already positioned to profit.
*This is not investment advice.
