Despite the recent market downturn, Dogecoin holders are refusing to sell, indicating a possible price increase on the horizon. According to IntoTheBlock, the Coins Holding Time has surged by 387.03% in the past week, suggesting a strong HODLing sentiment among investors.

This development could lead to stability in the DOGE market, and if accompanied by buying pressure, may even trigger a price rise. Although Dogecoin has experienced a 20.78% decline in value over the past month, its trading volume has decreased by 33% during the same period, indicating a weakening downtrend.

From a technical standpoint, the Awesome Oscillator and Relative Strength Index suggest increasing momentum, while the Fibonacci Retracement indicator points to potential price targets of $0.13 and $0.15. Additionally, the price DAA divergence signals a buying opportunity, as the participation rate on the network is lower than price growth.

In conclusion, Dogecoin holders' unwavering stance and favorable technical indicators hint at a potential price increase. As the market sentiment shifts, it may be an opportune time to invest in DOGE. However, it is essential to conduct thorough research and consider multiple factors before making any investment decisions.