Hello, my beautiful people! Here’s your trusted correspondent, ready to bring you a big piece of news that has everyone in crypto wide-eyed. Get ready, because this is going to be spicy.
It seems that the most famous dog in the crypto world, Dogecoin (DOGE), is gaining strength that you wouldn't believe. After a long time in "pause" mode, the meme coin is signaling that the party is about to start. It has been seen that the price of DOGE was around $0.199, and now it's breaking barriers and skyrocketing. 🚀
Experts are paying close attention because several things are coming together that smell like an imminent breakout. Stay alert:
1. The volume exploded! In just one day, the transaction volume of Dogecoin skyrocketed to over a billion dollars. 🤯 This is a clear signal, because when greenbacks move this quickly, something big is brewing.
2. More people with DOGE in their wallets: The number of people holding Dogecoin in their wallets is at one of the highest points of the year. And what's interesting is that, even though the price has gone up and down, people are not letting go of their coins. This shows that there is long-term confidence, not just people trying to make a quick buck and run away. 💪
3. Technical signals that don't lie: If you take a look at the charts, things get more interesting.
There's something called "hidden bullish divergence" in the RSI (an indicator that measures strength), which means that, even though the price seems stagnant, underneath it's gaining tremendous strength to take off. Additionally, they're looking at Fibonacci levels,
which are like a map for traders, and suggest that the next level the price could reach is $0.20725 and if it continues with that strength, it could reach $0.22983. Serious business!
In short, Dogecoin is showing momentum that hasn't been seen in months. With volume rising, more people holding onto their coins, and technical signals pointing upwards, the million-dollar question is: is this the moment we have all been waiting for? We need to keep a close eye on the movements in the coming days, because when the whales move, the sea stirs.
