Dogecoin trading volume exceeds $3 billion!!! A new round of rising market is coming
Dogecoin (DOGE) has performed strongly recently, with a sharp increase in price and a trading volume of over $3 billion in 24 hours. Technically, Dogecoin is supported by strong bullish signals, especially from the Ichimoku cloud, where the price successfully broke through the red cloud and the buyer's control increased. The formation of the green cloud and the crossover of the conversion line with the baseline reinforce the bullish outlook, and the lag span is located above the cloud to further confirm the upward trend.
At the same time, the increase in the Directional Movement Index (DMI) and ADX values indicates that the trend strength has increased and market confidence has recovered. The rise in +DI shows strong buying momentum, while the decline in -DI indicates that the selling pressure has eased. If DOGE continues to break through the resistance level, it may trigger a golden cross and further push the price up. However, if the bullish momentum weakens, Dogecoin is also at risk of a pullback. The criticality of the support level will determine whether the price can maintain its rise.
Can DOGE break through the new high? At the critical moment, buying determines the future! Stay tuned and keep abreast of market trends. Don't miss it!
