The reason for the rise of coin
$DOOD for the fourth consecutive day:
1. Technical breakout of the downtrend line (Breakout)
The price witnessed a strong breakout above the tight accumulation levels (between $0.00110 and $0.00130) after a long period of decline and volatility, leading to strong buying momentum and the formation of a massive bullish candle (Marubozu/Bullish Candle) to record a high of 0.001813.
2. Liquidity inflow and high trading volumes (Volume Surge)
The chart shows a notable increase in trading volume over the last 24 hours, reaching 11.74 billion DOOD coins (worth over $19.57 million), indicating the entry of investment liquidity or market makers to push the price higher.
3. Positive signals from technical indicators
MACD indicator: A clear bullish crossover occurred between the Moving Averages lines, with the histogram turning green and rising rapidly.
Moving averages (MA): The price rise and move above MA(7), MA(25), and MA(99) pushed these averages into a positive alignment supporting the upward trend.
4. Liquidations and short squeeze (Short Squeeze)
As a result of the sharp rise on the fourth day and the breakout of resistance levels, short positions were forcibly closed and liquidated in futures/perpetual contracts, causing automatic buying that fueled and accelerated the rise.
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