Given that traders are ready for high penetration, the stability of the price of Dougacine has now been prevented from its highest registered levels of 52% as a strong launch base for a possible reflection of the price road.
The Dogoin-Dage price movements for years on its graphic table were an artistic style of preaching which was launched by 75% compared to its lowest levels recorded in mid-April, to strengthen long-term long-term expectations that it can provide gains 3 times.
Doge’s Acquisition of Momentum Again Led to Restoring Its Position in the discussions on the “Best Digital Currencies” with the Renew atmosphere of the Speculative Attempt to Inspire, As It Prevents The Lack of Certains On the Factors of the Macroeconomic Wi Gaining the Momentum Differences Over the Customs Exchange Between the United States and the European Union, which prompt Investors TOWARDS TO The Assets of Safe Haven Like Gold and Bitcoin-BTC in order to cope with the constant weakness of the US Dollar (USD) and the continuous suffering of alternative currency markets.
Traders continue to prepare for an imminent launch
Although Dugkin’s market value remains far from its highest level after the inauguration at $ 5.4 billion, DOGE has found open levels of interest (the total value of open derivative contracts) for $ 2.7 billion in February, according to the Codinglass website.
Thanks to the drop in the atmosphere of fear, suspicion and uncertainty on the market, optimism is renewed among investors. Their movements indicate that traders are preparing for the height trajectory, because the total value of speculative transactions on the height compared to its counterpart is a decrease in the average of 2.88, because 74% of traders in the Dugkin derivative markets via the binance platform bet on the price continued to increase.
According to health data, whales (senior investors) seem to be assemblies, the total sales of the governor owners, who include between 100 million and a billion Doges, are currently 22.8 billion in January to 26.5 billion currently, and its counterpart for banking owners varied between 10 million and 100 million doors to reach 23.8 billion currencies, in an indication of its series major owners.
Dugkin prices analysis: can it increase by 225%?
The price of the DOGE / USD pair currently continues to move recently in a lower canal extending for several months, forming – in what appears – the handle model which completes the four -year cup and the technical handle.
It should be noted that the emerging trend that extends, because the lowest levels recorded in the middle of April have pushed the price of the DOGE to return the upper limit of the canal in confirmation of its continuation by moving inside. And if the price manages to hack it, it may be able to increase to $ 0.75 depending on the targeted fracture, which will provide 225% earnings depending on the current prices.
Now, the Doge price is still relatively stable in a narrow range varying between $ 0.215 and $ 0.255 without the main resistance barrier, while the indications of the Momentum indicators remain neutral due to the stability of the relative power index (RSI) currently slightly higher than its average level.
However, although the rally of currency whales and the increase in sizes of derivative contracts, buyers have not yet imposed their domination on sellers, which is explained by the MacD index management line, the highest of which is considered recently to sign a little after its golden intersection with it recently.
Consequently, the markets still need a stronger catalyst to ignite the next wave of the entry of small investors, and the deadline set on June 15 to disclose the final decision concerning the creation of an immediate negotiation fund for the ETF of Dougecoin in the United States as the stimulus required for this (if it is approved).
Meanwhile, traders should wait for a decisive penetration of the scope of relative stability in order to exclude the possibility of a price failure by continuing to increase.
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The technical indicators of Post Dogkin suggest a good start, is the Doge price around 225%? APPLERDIRST on Arab Cryptonews.