Dogecoin continues his period of low transaction volumes and relatively stable price, despite the entire altcoin is in fact downward and affected by movements of chop important.
A situation that attracted many Dogecoin to a real stablecoin - a key to understand that we had already given before the little bump that knocked it out of the cage of $ 0,22, a cage in which he quickly returned. Now let's see why this is good news for $ DOGE - what else is not facing another accumulation phase.
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Dogecoin is practically a stalbecoin, but not forever
Yes, Dogecoin it has practically behaved like a stablecoin in the last few trading days - with the exception of an exit outside the cage-channel it has been moving in for quite some time now. However, there are several excellent news regarding the piece of money which continues to lead the ranking of the capitalization of this specific sector.
Let's start with volumes, which are now relatively low for over a week - and once again signal the attitude in style stable currency of this cryptocurrency. Low volumes despite other similar cryptocurrencies for market capitalization there have been massive sales - and in any case some price changes bigger than Dogecoin.
A phase of accumulating textbooks
THE lateral movements - and almost imperceptible - of Dogecoin suggest a classic case of accumulation, With the weak hand that will gradually lighten while waiting for the next bull run - within an industry that moves throughout these guidelines, including the most animated ones Bitcoin, also affected by lateral movements at which, however, at relatively regular intervals, stages of dry growth follow.
The build-up phase is a very good sign - and it should lead $ DOGE out of the cage - thus confirming what many analysts have been glimpsing for some time: the creation of a Support practically impossible to break around $ 0,20, support which offers us a very interesting window to intervene now on the market, which at current prices would offer a relatively calm situation, at least compared to the standards of Dogecoin.
No, we can't talk about a meteor anymore
After the great ascent of the first part of the 2021, the prophets of doom on $ DOGE they've always been aiming for big drops, signaling the need for a coin without intrinsic value to lose a large part of its capitalization.
This did not happen, and given these movements of stable currency we think this is an assumption to be rejected at this point. Notably also thanks to the resumption of a sustained pace in the updates and improvements of the protocol.
|CCI||BUY||MOBILE MEDIA ESP (50)||BUY|
|STOCASTIC||BUY||SEM MOBILE MEDIA (50)||BUY|
|IMPRESSIVE||KEEP ⏹️||MOBILE MEDIUM ESP (100)||BUY|
|MOMENTUM||BUY||MEDIUM MOBILE SEM (100)||BUY|
|MACD||BUY||MOBILE MEDIUM ESP (200)||BUY|
|ULTIMATE||KEEP ⏹️||SEM MOBILE MEDIA (200)||BUY|
Despite the largely revisable day for the entire sector of altcoin, the one-month technical analysis is once again very encouraging. Sign that we are touching a socks price from which, again according to technical analysis, Dogecoin can only come back to roar. Or rather, barking ...