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DOGE Dogcoin price reaches $0.42566 per coin, up 3.01% intraday

DOGE Dogcoin price reaches $0.42566 per coin, up 3.01% intraday

Bitget2024/11/29 21:54

DOGE Dogcoin DOGE latest price news, DOGE Dogcoin real-time price rose 3.01% to $0.42566, trading volume $5.373 billion 

By looking at the k-chart, it is currently in an uptrend. It is down sharply from 15:00, up from 08:00 and down from 10:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This volume-price divergence may be due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of trading volume support, the price rise may be unsustainable and investors should be alert to the risk of a price pullback at higher levels.
It is advisable to keep an eye on whether the trading volume can keep up with the price rise and whether there is new buying intervention. Trading volume is reduced and rising momentum is weakening. Judging by the Williams Indicator, it currently falls into the category of not overbought and oversold. The volume of trading has decreased recently, the volume of trading is lower than in the previous hours, the price is rising and the volume of trading is decreasing: the upward momentum is weakening.

The market's upward momentum is weakening, so we recommend caution, paying attention to changes in trading volume and new buyers' interventions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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