Can Dogecoin (DOGE) Price Post Further Gains Before Year-End?
Dogecoin price gains left short-term holders with good profits but the rally weakened the coin's future shaky.
Dogecoin price DAA divergence suggested some bearish pressure for the coin.
The $0.086 mark supports the DOGE price as 94,950 addresses hold over 12.72 billion at that level.
Dogecoin has been one of the most steady gainers in a bear market DOGE has 35% increase in the last 10 days with price action weakening and a year-end close.
DOGE price offered traders some respite in a largely barren market DOGE was one of the few currencies that saw sustained gain for the last 10 days in the bear market.
In the short term, the DOGE price will increase holders can receive good profits but the DOGE coin's future seemed shaky.
While the DOGE price will pump the question remained whether DOGE would see in bullish mode before the year's end.
DOGE traded at $0.0978, DOGE price has started to decrease DOGE traded at $0.0978 losing 5.27% on the daily time frame. DOGE price fall was accompanied by a fall in trade volumes. the daily trade volumes had decreased by 26.47% and stayed above the $822.84 million mark.
The live Dogecoin price today is $0.101596 with a 24-hour trading volume of $635,294,257. Dogecoin is up 2.67% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $13,478,763,660. It has a circulating supply of 132,670,764,300 DOGE coins.
DOGE price statistics the DOGE price change in 24 hours is +$0.002306 of 2.32% and the DOGE 24-hour low is $0.09764 and 24 hour low is $0.1028 with 1.57% Market dominance.
DOGE's 7-day low is $0.08839 and the 7-day high is $0.1089 with 18081.81% Dogecoin ROI.
Furthermore, DOGE price daily active addresses (DAA) divergence suggested some bearish pressure for the coin. which could lead to more losses in the short term,
DOGE spot traders seemed to be done with the bullish mode with flashing sell signals indicators a lot of short-term participants may have taken profit after the recent DOGE price run.
DOGE coin future market turning into the red zone, Dogecoin showing interest dipped by close to 9% and stood at $361.3 million. with the perpetual market open interest falling,
The DOGE coin's long-liquidations of over $1.9 million added bearishness to the market.
With over $1.9 million worth of longs liquidated the DOGE price seemed to be in for a short-term pullback.
The $0.086 mark supports the DOGE price as 94,950 addresses hold over 12.72 billion DOGE at that level.
If DOGE bulls place prices above the $0.107 mark a bullish momentum can be expected at the $0.107 mark 4290 addresses hold over a billion DOGE.
once that upper resistance is cleared the DOGE price can see a year and rally, currently DOGE holders could be headed for some losses.