The overall trend of DOGE shows a weak oscillation, reflected in:
1. Recent fluctuations: The recent price fluctuations of DOGE have been small, and it is generally in a consolidation phase. Although the decline within 24 hours is minor, from the 1-hour K-line data, DOGE has shown a downward trend in the past few hours, and trading volume is also in a shrinking state, indicating that market sentiment is cautious, with a high possibility of continued decline in the short term.
2. Changes in trading volume: The 1-hour K-line data for DOGE shows that overall trading volume is in a shrinking state, with small fluctuations, indicating that market participants have low interest in DOGE and lack strong buying power.
3. Market heat: Although DOGE has a high heat ranking, its market capitalization ranking is relatively low, indicating that market attention and participation in DOGE are not high. In addition, DOGE lacks clear application scenarios and technical advantages, making it difficult to attract more investors, thus limiting the impact of market heat on DOGE's trend.
Please follow, if you have questions that need consultation or want to discuss and learn together. See the introduction to the cooking industry to avoid unnecessary entry into the circle.