#Dogecoin ($DOGE ) has gained significantly in price over the past six days, reaching a peak of $0.1463 during Saturday trading. However, traders and investors should exercise caution due to a possible short-term correction signal.
I see that the TD Sequential indicator, used to identify trend weakening and price reversals, has given a sell signal on the daily Dogecoin chart. This may indicate an upcoming short-term correction before #DOGE continues to rise.
Dogecoin’s sharp rise has been driven by speculative activity and increased interest. According to Santiment, discussions about meme coins have increased sharply in recent days as Bitcoin approaches $70,000. This is fueling speculation and helping to boost the price of Dogecoin, which has risen 26.5% in a week.
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