Dogecoin Makes the Top Five List of Cryptos Held by Users of eToro

Azeez Mustapha



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Dogecoin makes the top five list of cryptos held by users of eToro. The social trading company with about 28.5 million registered users has published its 3rd quarterly report for the year 2022. Among the statistics studied and published were the top cryptos held by eToro users. Dogecoin ranked fifth for the third time in a row.  

A crypto market analyst for eToro, Simon Peters, made the point that many investors are holding the Dogecoin cryptocurrency for the long term, which means that they are not too concerned about the short-term market volatility.

Key Dogecoin Levels to Watch — October 5

Dogecoin has initiated a retracement back to a bearish order-block. The market was oversold in August as the price rose to $0.0910. This led to a sell-off in the market to the demand level at $0.0570.

Dogecoin Makes the Top Five List of Cryptos Held by Users of eToro
DOGEUSD- Daily Chart on Binance. Source: Tradingview

The daily candles have pierced above the descending trend-line. A fair value-gap, which validates the bearish order-block is resting at $0.7800.

The RSI (Relative Strength Index) indicates bullishness in the market. The Moving Averages (period nine and twenty-one) are now supporting the bullish correction on the daily chart. The price is expected to soar to $0.7800.

Dogecoin Key Levels 

Resistance Levels:$0.1500, $0.0910, $0.0780

Support Levels: $0.1100, $0.0570, $0.0490

Total Market Capitalization:$ $924.3B
Dogecoin Market Capitalization: $8.599B
Dogecoin Volume: $751M
Market Rank: #10

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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