Dogecoin20 Emerges as Investor Interest Shifts Amidst Volatile Meme Coin Market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 25 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 51%

Cryptocurrency ニュース

Investor interest is now shifting towards Dogecoin20 (DOGE20), an emerging project set to debut on Uniswap later this month. Dogecoin (DOGE) has faced a 20% decline since Sunday’s high, reaching its lowest price in the past nine days. Traders attempted to push the price higher but were rejected, creating a double-top pattern on the chart. DOGE closed below its 20-day EMA, signaling waning upside momentum.

The meme coin market has been particularly volatile this week, with most tokens seeing significant price swings. Dogecoin (DOGE) hasn’t been spared from the volatility and has faced a 20% decline since Sunday’s high. However, investor interest is now shifting towards Dogecoin20 (DOGE20), an emerging project set to debut on Uniswap later this month.Dogecoin has taken a bearish turn this week. The meme coin’s price has slid to $0.

179 after three consecutive daily red candles, marking DOGE’s lowest price in the past nine days.Traders attempted to push price through that zone on Thursday and Sunday of last week, but each rally was rejected – creating a double-top pattern on the 4-hour chart. Adding to the bearish momentum, DOGE closed below its 20-day exponential moving average (EMA) on the daily timeframe yesterday. This is often viewed as a sell signal by technical traders since it indicates waning upside momentu

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 562. in JP

日本 最新ニュース, 日本 見出し