How much more can it rise after breaking $0.25? This set of data reveals the secret of the surge!
[Technical Analysis of DOGE 4-Hour Chart]
Current Price: $0.24496 (Increase of 2.51%)
Key Moving Averages: MA7(0.23907)/MA30(0.22112)
Trading Volume: $1,635,185,450 (Significantly increased volume)
1. Three Core Bullish Signals
Golden Cross Confirmation
The MA7 moving average (yellow line) has strongly crossed above MA30 (white line at $0.22112) at $0.23907, forming a textbook bullish arrangement. The distance between the two moving averages continues to widen, indicating strong short-term upward momentum.
Volume and Price Rise Breakthrough
The latest large bullish candle has broken through the key level of $0.24, accompanied by a single-day trading volume of $1.635 billion (three times the 20-day average volume), indicating the volume level has met the main capital entry criteria. The accumulated trading volume of $120 million near the breakout level of $0.24 validates its effectiveness.