📊 Real market data - November 5, 2024:
Based on data from the Binance platform, it recorded the highest trading volume since May 2024 at $4.2 billion over 24 hours, with the price rising to $0.18 (+23% daily).
🔍 Background and Analysis:
· Tesla Announcement: Tesla announced on November 4th the renewal of acceptance for purchasing specific merchandise.
· Trading volume: increased from $1.8 billion to $4.2 billion over hours.
· RSI Indicator: Reached 68 on the daily timeframe, indicating strong bullish momentum
📈 Real technical levels (according to TradingView data):
· Current resistance: $0.185 (peak on October 15)
· Strong support: $0.152 (50-day moving average)
· Technical target: $0.21 if breaking $0.185
💼 Recommendations based on data:
· Potential buying area: between $0.155-$0.165
· Stop loss: below $0.145
· Reward/risk ratio: 1:3.2
🌍 Broader market context:
· Performance $BTC : Bitcoin rose 12% during the same period
· Fear and greed index: Improved from 45 to 68 (Greed)
· Historical bull season: November has seen an average return of +15% for DOGE since 2020
