Dogecoin (Doge), one of the leading Meme currencies, has risen to two billion dollars in trading volume during the past 24 hours. Data From CoinMarkcap, the trading volume in Dogcoin increased by 86.79 % to $ 2.03 billion.
Dogecoin trading nails despite the decline in prices
This huge rise in the interest of investors in Meme, despite the price drop from $ 0.2564 to a decrease of $ 0.2349. Dog was in a dirty slide in the last 36 hours before he was resting to continue in a side step.
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This performance did not inhibit investors from actively characterized by the symbol. The development of market observers believes that it can put a dogecoin on the course of reversion if it maintains the current momentum.
Interestingly, although a 29.72 % decrease in the last 30 days has suffered, Dog found a decisive support. During this period of the tremendous loss, Dog managed to stay on the 0.22 brand.
Analysts say this support is very important to regulate the return of Dogecoin. To try to climb, Doug must get enough momentum to overcome many resistance levels.
It is worth noting that Dog suffered from a repeated rejection at the mark of $ 0.27 and $ 0.30 for the past 30 days.
Analysts are optimistic that Mimi’s currency can explode a tremendous recovery if Duji wiped these obstacles.
Organizational developments are morale of the fuel market
As U.today, there was an increase in an open interest in DOGE, indicating the upscale feelings. The open interest of Dogecoin increased to 9.38 billion dusks, as investors decided to increase their total open locations in the Meme.
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Analysts say an increase in open attention and increased trading volume may lead to a positive development. This is especially true when the momentum does not reflect the direction.
Meanwhile, the Dogoin community has enough positive news from the Securities and Stock Exchange Committee (SEC) to support the upcoming feelings. SEC admitted to depositing the trading box (ETF), which prompted the product nearly approval. If approved, institutional investors may enter, a future development that may affect the price positively.
