- DOGE holds about the fork of $ 0.18 after a gain of 11%.
- The daily volume of the same corner trading jumped more than 96%.
The robust holder ended up with a 6.72% increase in market capitalization, reaching 2.95 billions of dollars. In particular, the market capitalization of the play even reached $ 58 billion, after a leap of 16.3%. Among the coins, Dogecoin (Doge) displayed a gain of more than 11.69%.
DOGE launched the negotiation day at a hollow of $ 0.1633, and with the Bulls at the helm, he finally raised the price to a summit of $ 0.1849. At the time of writing, DOGE negotiated In $ 0.1829, market capitalization reaching $ 27.25 billion.
Consequently, the daily trading volume of the memes play affected $ 1.95 billion. According to Coinglass dataThe market experienced a liquidation of $ 12.86 million in Doge.
Dogecoin has earned more than 18.97% in the last seven days. The asset opened the week at $ 0.1517. The Bulls initiated the upward correction and reached the current level of negotiation.
The change of trend happens for Doge?
The average Doge -convergence divergence line (MacD) is trying to cross the zero line while the signal line remains below the zero line. This indicates that the early stage of entry into the bullish area. If it remains below, this can cause more drawbacks.
In addition, the Chaikin monetary flow indicator (CMF) of the same, positioned at 0.14, suggests a moderate purchase pressure on the market, the capital flowing in the asset. Meanwhile, Dogecoin's daily trading volume has increased by more than 96.65%.
Assuming that DOGE, not having maintained above the range of 0.1823, the price could strongly slide towards the support area of 0.17. Prolonged loss could invite the death cross. He can probably send the same part to a deeper correction, looking at more losses.
On the recovery side, the meme part could jump and recover the resistance nearby at around $ 0.1833. If the bulls are powerful enough, the golden cross could emerge and propel Doge to bring a retest to $ 0.1850 of resistance.
In addition, the value of the power of the active bulls (BBP) of 0.03546 indicates that the bulls dominated on the market, with a slight ascending impulse. The daily index of the daily force of Doge (RSI), found at 60.41, implies a neutral territory in evil.
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