Dogecoin

Solana

United

Today on July 6, 2024, the market is rebounding and the world’s biggest crypto-meme coin Dogecoin (DOGE) is recovering remarkably. According to data from an on-chain analytic firm CoinGlass, DOGE’s long position is significantly increasing and becoming higher as compared to short positions on a daily time frame.
This massive surge in long positions signals a bullishness for DOGE, due to this DOGE experienced a notable price surge of over 8% in the last 24 hours. With this hugelong position, DOGE on its daily time frame makes a strong bullish doji candle at a crucial support level of $0.104.&nbsp; Dogecoin (DOGE) technical analysis and key levels 
According to expert technical analysis, DOGE is there at a strong support level and looks bullish. Additionally, this bullishness is also backed by the Relative Strength Index (RSI) which is there in an oversold area. While combining these things together, it is clear that coming days we may see an upside move to the $0.128 level which is DOGE’s upper resistance level near 200 Exponential Moving Average (EMA).
Along with this price-action and technical analysis, investors and traders are also looking more active and showing their interest and confidence in DOGE. According to CoinGlass data, in the last 24 hours, the open interest (OI) of DOGE has surged by over 4%. DOGE price-performance analysis&nbsp; 
As of writing, DOGE is trading near $0.108, and in the last 24 hours, it experienced over 8% price surge. Due to the recent fall in the market, the 24-hour trading volume is still down by 44%, which signals lower trader and investor participation. If we look at the performance of DOGE over a longer period, in the last 7 days it has lost over 12% of its value. Whereas, in the last 30 days, it experienced over 33% of price drop.
Besides DOGE, other top crypto assets are experiencing a similar upside move including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), and BNB (BNB). According to coinmarketcap, today BTC, ETH, SOL, XRP, and BNB have experienced a price surge of over 4%, 3.5%, 7%, 8.5%, and 7% respectively.
On the other hand, fear remains there in the market after the continuous <a href="https://news.todayq.com/crypto-liquidation-reaches-685-million-as-mt-gox-moves-btc/" rel="noopener noreferrer nofollow">sell-off of Bitcoin </a>by the governments of the United States and Germany. Additionally, the recent update of BTC distribution by Mt. Gox.

Will DOGE hit $0.125? Bulls back to support Dogecoin

Todayq News

Andere artikelen gepubliceerd op 6 jul 2024

Trump the Felon Memecoin Buyer Generates 5,000% Profit, But Waits For Another 18,000% Increase

Is Moonbag Coin the New Crypto King? Impressive Presale Stuns Industry Leaving Dogwifhat and Inje...

Airdrop Calendar: July 2024 Edition

Meme Coin Sell-Offs: The Great Dump as Bitcoin Hits $57,500 – A Turning Point?

How To Invest In Crypto: A Step-by-Step Guide For Beginners

Effects of governments’ Bitcoin sell-offs are grossly exaggerated

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!