Dogecoin prices are similar to less than $ 0.25 amid the collection of profits and bitcoin fluctuation, but Doge Rsi Crossover on May 7 indicates that the bulls can still target $ 0.30 although 5.8 % in the short term on Sunday 11 May.
Dogoin (DOGE) kiosks are less than $ 0.25, as investors wait for Bitcoin
Dogecoin Price decreased by 5.7 % on Sunday, May 11, after a series of three -day gains.
The correction reflects the unification of the broader market, as investors get profits and weigh the total economic signals. Doge PRICE led the week’s rhetoric, but the feelings cool less than $ 0.25 amid the appetite for risk.
Trump’s confirmation of successful commercial talks with China helped to pay Bitcoin above $ 104,000, but political political turmoil, especially from military tensions in Pakistani India, which has escalated during the past 48 hours, has abandoned the momentum of mechanics. This has sparked profits through the assets that are seen as volatile and quick to respond to panic signs in the market.
Market data from Coingecko More verification of the authenticity of stopping in momentum. As of the time of the press on Monday, DOGE is traded at $ 0.2341, a decrease of 5.8 %, which corresponds to the correction of Bitco -5.8 % in BTC/DOGE terms (now 0.052240 BTC).
DOGE trading has decreased 24 hours a day from $ 4.5 billion to $ 3.5 billion, reflecting the rotation of active capital of speculative assets. Investors seem to adopt a cautious position, waiting for signs of bitcoin institutions before re -customizing the capital towards the most dangerous altcoins.
Derivatives: 20 million dollars classified with a decrease in open interest, 7.3 %
The last correction is supported in DOGE with a decisive shift in derivative derivatives. The total open interest DOGE decreased by 7.29 % to $ 2.80 billion, while the daily trading volume was contracted by 19.55 % to 7.74 billion dollars.
The hole size options 21.72 % even with the open options jumping by 49.49 %, indicating the accumulation of directional bets despite the decrease in activity during the day.
The liquidation data shows $ 20.15 million in the total long sites that have been eliminated over the past 24 hours, 75 % of which have been long. This hints to the excessive bills that are wiped as the price decreased to less than $ 0.25.
Long/short proportions provide a mixed vision. Although the long/short -based proportions are on Binance and OKX SIT at 2.83 and 2.82, the long/short circulating position exceeds 5.00, indicating a concentrated conviction of high -sized accounts.
What is the next for the price of Dogecoin next week?
The bullish structure of Dogecoin is still intact as long as $ 0.225 holds support. The 5 -day RSI crossover emphasizes the upscale momentum, with $ 0.30 remaining a good goal if Bitcoin settles over $ 104,000.
Strategic traders will now pay attention to Bitcoin ETF flows and US macro data versions this week. If the institutional appetite is possible, the coins such as Doge can resume the movement up.
However, the risks remain inclined to the downside if Bitcoin fails to seize $ 100,000. The decrease may lead to less than 0.225 dollars to another round of filtering, which temporarily nullifies the upholisherapy thesis.
DOGECOIN price expectations: RSI Crossover holds a 5 -day momentum, confirming the $ 0.30 goal
The price of Dogcoin seems to settle on $ 0.23, with a renewed momentum after a temporary rejection near $ 0.25.
Cross is still a 5 -day relative index of 70.85, indicating a continuous upward momentum despite the recent decline.
Low low -structure (HL) has been printed early in the assembly, followed by a new LH (LH) height, which enhances the growth sequence.
This positive pattern of the price of the price of the Dogecoin price, which is associated with constant support above the minimum surface of the superior at $ 0.191, indicates that the broader bullish structure remains valid and is likely to resume if the current monotheism is resolved to the upper direction.
Cross occurred in the RSI on May 7, when the RSI purple line (short -term momentum) crossed the yellow signal line (the longest medium in the long term).
This upscale intersection usually indicates a transformation in the market momentum of neutral or declining to a renewed direction. Since this reflection point, the purple RSI has remained over the yellow line, confirming the continuous upward strength during the past five days.
If the momentum continues this week, especially as well as a recovery in the price of the bitcoin price today over 104 thousand dollars, Dog can retrieve the ups and aims to this upper level.
The main confirmation will be to close a daily candle over $ 0.25, which is the last level of rejection, with the support of the renewable positive Delta, which printed $ 27.96 million today after a sharp negative rise on May 11. This indicates that smart funds may buy a decrease in structural support.
The decline will occur on a lower collapse than HL at $ 0.19. Such a step will violate the high low/high high sequence and return DOGE to the previous monotheism range.
Related questions (common questions)
Dogecoin decreased due to the profit warning and warned the broader market after Bitcoin declined and global geopolitical tensions.
Yes. As long as the support is higher than $ 0.225, Dog maintains a bullish structure with the possibility of re -testing $ 0.30.
On May 7, the RSI Cross confirms the upscale momentum, indicating more upward trend if the current integration is positively resolved.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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