Doge has surged by 4.97% over the past month. dogecoin Market fundamentals indicate buy signal as Dogecoin shows a bullish crossover
In fact, at press time, DOGE was trading at $0.112. This marked a 1.75% decline over the past week. Prior to this decline, DOGE had been on an upward trajectory, hiking by 4.97% monthly.
According to Martinez, the TD sequential signaled buying. The current downside was over, and it’s the best time for investors to enter markets to buy or take long positions.On the other hand, Alan has posited that DOGE has signaled a 20-SMA cross over the 100-SMA on daily charts. This suggests that the buying pressure is strong, and the prices are set to move upward in the near term.
Therefore, with the buy signal allowing new investors into the market and a bullish crossover, DOGE suggests a move upward is imminent.While the analysis above provides a promising outlook. Therefore, the prevailing conditions could set Dogecoin for more gains on price charts.For starters, Dogecoin’s Open interest in USD per Exchange has experienced a sustained surge, rising from $140 million to $153.71 million.
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