Dogecoin Records Strongest Price Increase Among Top 10 Cryptocurrencies
The memecoin DOGE rises 3.7 percent and reaches a market capitalization of $15.7 billion – technical chart analysis shows slightly bullish signals.
Dogecoin (DOGE) leads the performance rankings of the ten largest cryptocurrencies with a daily gain of 3.7 percent. The memecoin's market capitalization stands at $15.7 billion [1].
The price currently sits at $0.09328, trading above the exponential moving average (EMA-20) of $0.09311. Over the past twelve hours, DOGE fluctuated between $0.09345 and $0.09112. From a technical chart perspective, a sequence of higher highs and higher lows is evident, indicating a short-term upward trend [1].
The Relative Strength Index (RSI) stands at 42.7, signaling no overbought conditions yet. The Bollinger Bands width, at approximately 8.5 percent of the price value, suggests moderate volatility. Analysts view the market situation as neutral to slightly bullish [1].
Critical support zones are located at $0.09112 and $0.08903, while resistance levels have been identified at $0.09345 and $0.09643. A sustained breakout above $0.094 could open the path toward $0.11, while a break below $0.091 would carry downside risks to $0.080 [1].
Sources
- [1]btc-echo.de
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