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Doug climbs 11 %, is an imminent correction?

  • Dog keeps about $ 0.18 after a profit of 11 %.
  • The daily trading volume in Meme Coin increased by more than 96 %.

It ended on the charge of Study Bear with a 6.72 % increase in the maximum market, reaching $ 2.95 trillion. It is worth noting that the maximum Meme Coin market amounted to $ 58 billion, after a 16.3 % jump. Among the meme currencies, Dogoin (DOGE) deployed a profit more than 11.69 %.

DOGE started today trading at a low level of $ 0.1633, and with Bulls in the driving, the price eventually paid a $ 0.1849. At the time of writing this report, Dog Trading Within $ 0.1829, with a maximum market of 27.25 billion dollars.

Thus, the daily trading volume of Mimi has touched $ 1.95 billion. According to Coinglass DataThe market witnessed a $ 12.86 million liquidation from Duj.

Dogecoin has gained more than 18.97 % in the past seven days. The original opened the trading of the week at $ 0.1517. The bulls began to correct the upward trend and reached the current trading level.

The trend turns coming to the fence?

The average average diverge line in Doug (MACD) tries to cross the zero line while the signal line remains below the zero line. This indicates that the early stage of entering the upper area. If it remains below, this may lead to more negative side.

Besides, the money flow index in the Meme Coin (CMF), located at 0.14, indicates a moderate purchase pressure in the market, with the flow of capital to the original. Meanwhile, Dogecoin’s daily trading volume increased by more than 96.65 %.

Assuming Dog, failing to stick to a group of $ 0.1823, the price can slide sharply towards the support area of ​​$ 0.17. The extended loss may call for the cross of death. Mimi currency is likely to be sent to a deeper correction, and looks at more losses.

On the recovery side, the Mimi currency can jump and restore the nearby resistance at about $ 0.1833. If the bulls are strong enough, the Golden Cross may appear and Dog is to re -test when resisting $ 0.1850. ​

Moreover, the value of Pull Bear Power (BBP) of 0.03546 assets indicates that the bulls are dominant in the market, with moderate ascending momentum. DOGE (RSI), located in 60.41, involves a neutral to acute neutral area.

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