Is Dogecoin [DOGE] turning bullish? Key data suggests…
Release: 2024/07/30 12:04 Reading: 810
- Original author：AMBCrypto
- Original source：https://ambcrypto.com/?p=410306
![Is Dogecoin [DOGE] turning bullish? Key data suggests…](/uploads/20240730/172231460966a86f71777c6.png)
Dogecoin Exhibits Bullish Signs with RSI Above Neutral
Dogecoin (DOGE) closed the previous trading session with a slight loss, but recent data suggests a potential market shift. At press time, DOGE's Relative Strength Index (RSI) is maintaining above its neutral line at 60.
Recent Price Recovery
Despite the previous decline, DOGE has recovered, trading at around $0.134 at the time of writing, indicating a 3% increase in the last 24 hours. This recent price surge has contributed to Dogecoin's bullish trend.
RSI Indicates Bullish Momentum
The RSI level of 60 indicates that DOGE has strong bullish momentum, suggesting that it is not yet overbought. This may attract further buying interest if the upward trend continues.
Volume Trends Lack Convergence
While Dogecoin's trading volume is over $850 million, a significant drop of more than 30% in the last 24 hours indicates a lack of convergence between price and volume trends. For a strong and sustainable bullish trend, increasing or consistently high trading volumes are typically needed.
Percentage of DOGE in Profit Increases
Data from Santiment shows a slight recovery in the percentage of Dogecoin in profit, with over 74% of circulating DOGE being purchased at a price lower than the current market price. This means that approximately 107 billion DOGE tokens would yield a profit if sold.
Conclusion
Dogecoin's recent price recovery and positive RSI indicate a potential shift in market sentiment. However, the lack of convergence between price and volume trends suggests that further confirmation of a sustained bullish trend may be required.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com