Isn’t the DOGE price being tested? Here are the latest developments in dogecoin price
Doge News: The cryptocurrency exchange, which started the week with an optimistic atmosphere, started to recover as BTC rose above 70 thousand dollars before the Bitcoin halving. Despite Dogecoin‘s resilience to the recovery in current market conditions, the overall temperature decline is showing decline. While the popular meme coin is in the flesh of whale movements, analysts are predicting that the meme coin will recover very soon.
DOGE price analysis: Why is Meme coin falling?
The breast money, which has lost more than 7 percent in value in the last 24 hours, decreased from $ 0.21, which was the peak of the last week, to 0.1886. Assets whose market prices are experiencing a similar decline appear to be in the red zone with a weakening price mandate. There is a 9.74 percent decline in Coinglass systems Open Positions, which shows volatility in the transaction volume. The liquidation’s separations resulted in the disclosure of $6.38 million in long-term assets, while short-term events accounted for 280.28 thousand. The decline in these documents increased the demand to put pressure on the DOGE price, which was in decline.
Dogecoin Derivatives Data Analysis
In addition, the developments in the market and the low open interest rates show that its existence is far from the interest of investment. Meme money, which attracts new investors, is also under pressure from honeybee activities.
Do you understand what Dogecoin whale transfers are?
Analysis firm that lists token transfers Whale Alert In a post on Tuesday, April 9, X announced that 245,000,000 million tokens were transferred. This transfer, corresponding to 49,622,788 US dollars, was announced to the Robinhood exchange at an unknown time.
While this massive decline triggered a downward trend, it also increased significant selling pressure on the coin’s price.
Descending wedge models and technology analysis
The falling wedge pattern crossed on the Dogecoin technical price chart is interpreted as a strong storable type that is resistant to the cryptocurrency. In this model, which is considered a sign that the withdrawal period is approaching its end, higher levels can be targeted if the asset manages to hold above the trend line. This chart, which supports the Relative Strength Index (RSI), shows that a more optimistic price movement may begin as it approaches 60.
Technical charts / RSI and BB
You can also use RSI and Moving distances (SMA) values. It is possible for the popular meme to reach 0.26 full point if buying pressure occurs, and to 0.15 if there is a re-effect.
Final rise: Dogecoin20
You can also see information about the Dogecoin20 project and use it to buy tokens. Ethereum is also used as a source of energy and can be used in different ways, so it can be used in a certain way.
Visit DOGE20
In addition, the coin, which attracts attention with its rapid growth potential and 2-year token promotion campaign, aims to gain a strong community through the staking method. Eco-friendly cryptocurrency It has an affordable price for the project. Finally, the price of the breast coin, which is launched as an attractive project with its easy buying and selling packages and budget usage features, is 0.00022 dollars.
The information in the article is for informational purposes only. It does not constitute any investment advice. Neither your author nor cryptoparahaber.com is responsible for any profit or loss you derive from your investments. Ultimately, investment is based on a strong foundation such as knowledge, experience, research and personal decisions.
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