Dogecoin long-term owners take profit-Dogen course reacts and increases 64%
- The Doge course has risen by 64% since the beginning of July and again reached its highs from February this year.
- The Onchain data also show profit. von Long -term investors and more Potential upwards.
The market for Memecoins Experience a comeback, whereby Dogecoin (DOGE) The leader is. Its market capitalization has now risen to $ 85.28 billion, the highest value Within the last 30 days.
Doge is still the most popular Memecoin, has an increase of 32% in the past seven days and is currently trading at $ 0.2743. The growth came in the course of a general upswing in the cryptom market, but it exceeded it.
The Liveliness of Doge, the one on the Blockchain data provider Glassnode Based, was 0.706 on July 20, increasing by 0.14 %since July 13. There indicator there die Activity of coin depots measures, shows the, ob Sell or hold long -term investors. It increases when long inactive coins movewhich is almost always interpreted as a profit.
Despite this exit from long -term investors, the price dynamics have not subsided. Dogecoin has increased another 7% in the last 24 hours, supported by increasing sales and increasing demand in retail. It has one positive mood built -up.
Doge makes an optimistic one with a W-pattern outbreak and EMA recovery
Dogecoin hat A positive price profile in the Wochennrahmen registeredwas the dealers new optimism gives. Doge has recaptured all important exponential moving average.
The 20-dayema is $ 0.2105 and the 50-day compartment at $ 0.2052, while the longer-term 100- and 200 emas are $ 0.1797 or $ 0.1462. Courses that stay above these values, interpret usually towards the beginning of a continued upward movement.
The RSI (relative strength index) is 60.56, so that The momentum currently speaks for the buyers. Since the RSI has not yet broken the overbought area, is Space for further upward pressure available.
The MACD (Moving Average Convergence Divergence) also confirmed a purchase crossover, while the PPO (PRICESTAGE PRICE OSCILATOR) increases this positive momentum.
The Dogen course recently broke out over the long existing resistance of $ 0.21 and has thus completed a W-shaped basic formation. Outbreak formations of this kind are typical harbing for strong relaxation on the cryptoma markets.
Doge has $ 0.42 in sight
For August, retailers concentrate on the resistances at 0.3, 0.355 and the annual high of $ 0.42. The support lies in the range from $ 0.21 to $ 0.18, nearby of the former resistance area and the most important EMAS.
With an increase over $ 0.3 beyond, the course of Doge could quickly increase to 0.35 and even challenge 0.42If sales continue.
Still, a pullback cannot excludefalls DOGE at $ 0.3 rejected becomes. Then the course could return to the range between 0.21 and 0.24.
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