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Technicals Predict Potential Long-Term Bullish Trend For DOGE

Published 17/07/2023, 13:05
Technicals Predict Potential Long-Term Bullish Trend For DOGE
ETH/USD
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DOGE/USD
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  • At press time, DOGE was trading at $0.071 after its price dropped by 0.10%.

  • A significant long-term bullish technical flag was on the verge of being triggered on the meme coin’s daily chart.

  • Should the 20 and 50 EMA lines cross above the 100 EMA line in the coming week, DOGE could break above $0.08.

Heading into the new week, the total crypto market cap was able to climb by about 0.13%, which left it standing at $1.21 trillion, according to CoinMarketCap. Despite this, Dogecoin (DOGE) saw its price drop by about 0.10% over the past 24 hours of trading.

As a result, DOGE was worth $0.071 at press time. This meant that the meme coin was trading between its daily low of $0.06936 and its 24-hour high of $0.07275. Meanwhile, DOGE’s 24-hour trading volume decreased by more than 50% throughout the past day. This left its volume standing at $399.64 million.

DOGE’s latest price decline also caused it to weaken against both market leaders, Bitcoin (BTC) and Ethereum (ETH), by around 0.04% and 0.08% respectively. On the other hand, DOGE’s weekly performance was still firmly set in the green zone at +9.97%.

Its market cap of $9,956,558,761 meant that the me…

The post Technicals Predict Potential Long-Term Bullish Trend For DOGE appeared first on Coin Edition.

The post Technicals Predict Potential Long-Term Bullish Trend For DOGE appeared first on Coin Edition.

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