Dogecoin (DOGE) price It grows by 7% today and trades at $ 0.1810. Technical analysis hints at a possible recovery rally that can recover DOGE $ 0.20. Nearly 70% of Binance traders are in long positions, waiting for the meme to rise higher.
All in all of the 7-day low price of $ 0.1643, Dogecoin now denotes a short-term breakthrough, suggesting $ 0.20 Restoration. By supporting the trend, Binance traders are extremely bullish in Doge, leading open interest $ 1.81 billionTo. Does this growing merchant trust and breakthrough rally help Dogecoin at $ 0.20?
Dogecoin price rally aim of $ 0.20
Dogecoin (DOGE) bounced $ 0.1643 in the lowest lowest lowest dollar and has risen by 11.36%, resulting in set-up setting. Doge formed two lower heights and three lower lowest lowest lowest lowest lowest lowest lowest lowest lowest lowest lowest lowest lowest lowest lowest low Connecting swing points with trend lines shows a falling wedge pattern.
After making a decisive four -hour candlestick above the wedge above the upper trend line, Dogecoin Price has confirmed the breakthrough. The 12% target of $ 0.2061 is obtained, measuring the distance between the first swing and the distance between the turn and adding it to $ 0.1774.
Adding to this bullish cut out is a 4-hour price of three consecutive green candles. Moreover, Doge's recent rally has pushed over 50 and 200 exponential moving average (EMAS), limiting the possibilities of “death of the death” on a lower time frame.
Investors need to pay attention to the $ 78.60% Fibonacci level at $ 0.1860, which can interrupt Dogecoin's price to achieve a falling wedge forecast of $ 0.2061. But The Chaikin cash flow (CMF) index is positive, indicating that the Doge's rise is unlikely.
Based on the Fibonacci level, the Doge's Bull Run can reach $ 0.2042 if it exceeds $ 0.1860. Thus, Dogecoin's price forecast shows the strong 12% growth potential of the memo coin. On the other hand, the support levels of the highest memo coin are $ 0.1729 and $ 0.1642.
Binance traders go long
Dogecoin Open interest jumps 7.19%, reaching $ 1.81 billion, as the number of traders of derivative instruments increases. By joining the bullish caravan, 67.84% of binants accounts It's a long time to doge. In general, the market has risen to 62.94% in the last hour.
In the middle of increasing optimism, shaking bears is $ 3.71 million in short liquidation. Currently, funding rates have risen to 0.0051%, reflecting a strong Hopium Spree in Doge.
The Dogecoin team announces another Hackathon event in Portugal
With the rise of Doge Price Dogecoin team has recently announced his second (almost every year) hackachon. Dogeahon's seats in Portugal this year and is between July 22 and 24. The event's visit fee is 269 DOGE, almost $ 50.
Frequent questions (FAQ)
Dogecoin grew by nearly 7%among traders due to a falling wedge pattern and increased bullish.
Based on the techniques, Dog can reach a mark of $ 0.2042 if it reaches more than $ 0.1860 resistance.
More than 67% of Binance traders have a long Dog, open interest rises to $ 1.81 billion and shorts to a short liquidation of $ 3.71 million.
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