Dogecoin (DOGE), a leading honey coin in the cryptocurrency market, is facing tense prices. The current technical setting of Doge shows that it is facing the death cross, which can affect its future outlook.
Dogecoin hour of death cross signals short -term weakness
According to the data, the Doge hourly gram shows that the threatening cross of death is fully formed – a trend that denotes a bear signal. The complete formation of the death cross means that the short -term momentum has weakened compared to long -term.
Between them
This development can cause traders to consider closing their long positions. Such a step can be lit on the market pressure and cause the DoGE price to decline even more.
The press time was DOGE exchange Hands at a price of $ 0.1742, which means a $ 5.57% drop in the last 24 hours. Before the day, the meme coin was lower to the lower post of posting to $ 0.1703.
Mild recovery has created hope for coin holders. Namely, DOGE's daily chart, the Death cross is not fully formed, indicating it This trend could turn around Despite the indication of the certificate.
Market activities are likely to recognize the prospect of the chart and help reset it up.
The significant factor that can affect it is the feelings of investors, which are currently low as the trading volume has fallen to $ 21.01% to $ 1.6 billion. If this metric has increased, it may encourage the expected reversal.
Open interest offers the gaze of hope
If reported U.Today registered DOGE 5% price increase after his trading volume recently increased by 80%. There is always a correlation between the price and the volume of trading on the market, as this meter is catalyzed by price increases.
Between them
Meanwhile, after the initial decline, doge is four -hour interest Shows potential, increasing by 1.99%. If this trend supports this trend, it can make the trend a bullshit.
