Ethereum

Dogecoin

Elon

Billion

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Dogecoin (DOGE) posted significant figures, with over 7.3 billion coins sold within a 24 hour time frame. This massive record comes amid the general bearish sentiment in the broader cryptocurrency space. Per<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">&nbsp;data</a> from CoinMarketCap, trading volume is up 12.1%.</p>
<h2 id="dode-anticipated-bullish-run-and-technical-indicators">DODE anticipated bullish run and technical indicators</h2>
<p dir="ltr">Although the trading price of DOGE remains bearish at $0.1242, down 7.45% in 24 hours, the spike in trading volume indicates investors’ confidence in the coin’s long-term performance remains unwavering. Notably, Dogecoin, along with Solana, Ethereum and XRP, recently made price recoveries on the crypto market.</p>
<p dir="ltr">Analysts attribute the surge in trading volume to an anticipated bullish run for DOGE, as a technical indicator signals the coin will soar before mid-August. A renowned crypto analyst hinted at the likelihood of a <a href="https://u.today/dogecoin-golden-cross-alert-is-doge-set-for-18000-rally" rel="noopener noreferrer nofollow">golden cross</a> in the next 2-3 weeks for an 18,000% rally. An occurrence will see DOGE climb above $23 and translate to a significant profit for holders.</p>
<p dir="ltr">Another contributory factor that could see an upward shift in price for Dogecoin is speculation around Tesla’s boss, Elon Musk. In the broader cryptocurrency space, the entrepreneur’s leanings toward DOGE is an open secret.</p>
<p dir="ltr">For instance, in May, Tesla added DOGE to its list of accepted payment options. The development sparked debate as to the significance and whether Musk would extend goodwill to other assets.</p>
<h2 id="investor-sentiment-and-analysts-projections">Investor sentiment and analysts' projections</h2>
<p dir="ltr">While investors await the coin’s price performance to pick up in the coming days, the rise in trading volume suggests that buyers are trying to consolidate their position in anticipation of a bullish rally.&nbsp;</p>
<p dir="ltr">Although a death cross recently emerged on DOGE’s daily chart, stakeholders continue to watch the four-hour chart that reveals a golden cross and the possibility of a <a href="https://u.today/opinions/dogecoin-doge-on-the-rise-all-you-need-to-know-this-week" rel="noopener noreferrer nofollow">price rise</a>.</p>
<p dir="ltr">Meanwhile, Ali Martinez, a notable trader and crypto expert, reviewed historical patterns to identify that <a href="https://u.today/dogecoin-doge-historic-pattern-shows-huge-rally-says-analyst" rel="noopener noreferrer nofollow">Dogecoin</a> is currently witnessing a retracement and, after this phase, it will enter a major bull run. This prediction has served to boost investors’ confidence, particularly holders of the coin.</p>

7.3 Billion Dogecoin in 24 Hours Stuns Bears Amid Market Downturn

목차

U_Today

2024년 7월 25일에 게재된 다른 기사

Solympics Price Surges 239% In A Week, But Experts Say This New ICO Might Be The Official Meme Co...

Ferrari to Extend Cryptocurrency Payments to Europe by July End

Rollblock (RBLK) Calls BNB And Dogecoin’s Bluff. Crypto Casino’s Explosive ROI Too Hot to Be Missed

Polygon Price Soars 743% on Ethereum ETF Surge

Super Bullish Bitcoin (BTC) News Coming In Next Few Days: Samson Mow

TapSwap TGE and Coin Listing is Coming Soon - Stay Tuned

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!