Main notes
- Triple Bottom is formed with March, April and June LOWS, which creates a strong basis of support ranging from $ 0.13 -0.15 dollars.
- The open interest jumped by 5.92 % to $ 2.16 billion, while trading volume reached $ 3.33 billion, indicating the new institutional capital.
- Long/short proportions appear on Binance (2.7) and OKX (2.8) overwhelming ups in retail and professional.
Dokwin
Dodge
0.18 dollars
24 hours fluctuation:
6.5 %
The maximum market:
$ 27.29 b
Folder. 24h:
$ 1.82 b
It was traded at $ 0.1758 on Tuesday, July 9, with a uniformity of $ 0.17 for psychological resistance for the second session. This technical hack comes nearly two months after the merger between $ 0.13 and $ 0.16.
DOGECOIN price expectations | Source: TradingView
Daily Dogeusdt Chart determines a triple style below, as its last lowest level was recorded in March, April and June, which determines strong support between $ 0.13 to $ 0.15. The resistance of the neck line is placed about $ 0.20, with a mobilization of 130 % if the collapse target is verified 0.40 dollars.
The RSI is located at 53.43, indicating a larger space for the upscale cans before excessive conditions in the peak. Moreover, Polingger’s wide range of fluctuation increased with pressure on the price of the upper limit at $ 0.176.
30 million dollars, an increase in the open, benefits, confirm the reversal
Modern derivative trading measures confirm the health of the bullish momentum behind the work of Dogecoin Price. On July 9, Coinglass data He explains that the open interest of Dogecoin has increased by 5.92 % to $ 2.16 billion, which reflects about 130 million dollars in fresh capital flows during the past 24 hours.
This flow was accompanied by the fast capital, an increase in trading volume, which rose to $ 3.33 billion, focusing on the bullish apostasy.
Docuin Details Data Source: Coinglass
More than that, long/short/short attributes via main stock exchanges enhance the bullish narration. In Binance, the long to short positions between accounts are 2.7, while OKX shows a stronger bias with 2.8.
Among the best traders in Binance, the tall/short -based percentage reached 3.6, and by open, it is located at 2.11. These numbers reveal that both traders in the field of retail and size are clearly tended to be clearly, and others prefer in the upcoming sessions in the upcoming sessions.
If Dogecoin is able to keep closing daily above $ 0.18, traders are likely to try to recover the neckline of $ 0.2.
On the contrary, failure to obtain $ 0.17 support may pulling prices to Bollinger midfield near $ 0.164 or even less, towards the axis of $ 0.15.
The BTC Bull Code is set to ride the MG wave along with Dogecoin
While Dogecoin regains momentum, the lovers of Meme also looks to BTCBLL, the pre -pioneering pioneering symbol associated with bitcoin performance.
BTC Bull Token allows those with Bitcoin, as BTC offers about one million dollars, a narration that actually attracts the interest of investors.
With the collection of $ 8.4 million, and the symbols that are now living for claim and tricks, BTCBLL is in a good position to take advantage of the current bull cycle.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post Dogecoin Price Surges Past $0.17 as Triple Bottom Pattern Signals 130% Upside Potential first appeared on Investorempires.com.
