MDIA Signals Market Recovery: The Mean Dollar Invested Age (MDIA) indicates strengthening bullish momentum in the crypto market, despite previous corrections. Bitcoin’s MDIA fell 31% to 439 days, XRP decreased 22% to 865 days, and Dogecoin dropped 31% to 370 days.
Increased Activity from Dormant Wallets: This decline highlights increased activity from dormant wallets. Historical patterns suggest that reactivation of older coins often precedes longer bull markets, indicating possible upward movements for Bitcoin, XRP, and Dogecoin in the near future.
Strong Institutional Support for Bitcoin: Despite Bitcoin trading below 100,000 USD, significant institutional buying displays confidence in its future. Additionally, Dogecoin’s recent increase to 0.42 USD hints at potential future price targets ranging from 3 USD to 18 USD.