- Dogecoin Price recorded greatly with Bitcoin, which is expected to test an upward acceleration in May.
- Data on the series show that Dogecoin whales have accumulated strongly over the past few weeks.
The last Bitcoin’s height (BTC) above 103 thousand dollars has resulted in the emergence of FOMO traders, especially in the Memecoin space led by Dogoin (DOGE). According to the latest market data at the time of this report, the total maximum Crypto market increased by more than 24 percent over the past 24 hours to hover about 70 billion dollars.
The depth MEMECOIN liquidity has played in addition to the strong infrastructure of Defi and CEFI, which has been created in the past few years a major role in trading on more merchants.
Ducin network records that prefer the basics
Dogecoin is the veteran memecoin project guaranteed by the legendary consensus method of work, which is similar to Bitcoin. As a result, Dogecoin attracted more institutional investors who seek to diversify their coding portfolios.
Moreover, Dogecoin has received fixed support from the Elon Musk Technical billionaire and his family from Unicorns. In addition, SEC is expected to agree in the United States on several surveys of Dogecoin before the end of this year.
As Coinpedia recently reported, data analysis on the series shows that where investors have increased their appetite for Dogecoin in the recent past.
The crucial short -term goals of Doug’s price
From the point of view of technical analysis, it is clear that the price of Dogecoin has created an increasing trend in the past two years. After successfully reversing the average average of 200 simple weeks (SMA), the price of the Dogecoin rose more than 12 percent last week to trade over SMA for 50 weeks.
As a result, if the DOGE price is constantly closed at 21 cents in the coming days, there will be a basin that collects about 26 cents and 45 cents is inevitable in the short term. Moreover, the great mimwin, with a fully diluted evaluation of about $ 30.5 billion, has already exploded of correction and was re -tested for confirmation.
