Hello everyone, I am Eleven. Today we will talk about dog coins
Hello everyone, I am Eleven. Today we will talk about dog coins.
Recently, with the frenzy of the bull market, the dog currency has also achieved a wave of rise, and then began to show a volatile trend. So the question arises, will the trend of Dog Coin continue to fluctuate or continue to rise?
We can see that today, Dog Coin (DOGE) rose by -2.39% in 24 hours, with a 24-hour trading volume of 14.053 billion and a 24-hour trading volume of 7.253 billion.
Using the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal), and moving average convergence divergence (MACD) shown in the above figure, we can determine the price pattern of Dogcoin (DOGE) to determine its future direction.
Since its release at the end of 2013, Gougou Coin has gone through a long climb and finally reached a new historical high. In May 2021, during the peak of the cryptocurrency market bull market, the price of dogcoin soared from less than a penny in December to a record high of $0.73.
The trend of Dog Coin is to some extent influenced by the MACD indicator. At present, the MACD indicator shows that dog currency is in a downward trend and may face some pressure in the short term.
In short, Eleven believes that this does not mean that there is no opportunity for dog coins. There is also a deviation phenomenon in MACD indicators, and the market heat and community activity of Dogcoin are relatively high, indicating that Dogcoin may rebound in the short term.
If you are interested in this topic and have any questions, you can directly ask me, and we can communicate and learn together
As long as you know it on November 11th, you must know everything without hesitation!
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