Dogecoin’s [DOGE] price rose by over 5% in the past 24 hours due to a hike in its social activity within that period, data from...
price rose by over 5% in the past 24 hours due to a hike in its social activity within that period, data from crypto analytics platform
AMBCrypto found that out of the top 50 meme coins by market capitalization, DOGE witnessed the highest social volume during the period under review.An assessment of DOGE’s price performance on a 24-hour chart revealed that it may shed some of its gains in the coming days. When it is negative, as in this case, it indicates liquidity outflow from an asset and a rise in selling pressure.
Further, a look at DOGE’s Moving Average Convergence Divergence indicator showed that the bearish sentiment was significant in the meme coin’s market.
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