$DOGE reached an intraday high of $0.1059 before retracting, briefly breaking the significant $0.10 psychological level...
The result was a sharp reversal after the pulse, with DOGE closing at about $0.0992. And, open interest on derivatives also grew by approximately 10 percent in an hour from to approximately 350 million, which indicates the presence of used activity in the move.
Still mixed on the indicators. RSI has moved to 69.4, still approaching overbought levels. An ADX of 32.5 suggests a relatively strong trend; yet 50 day EMA is still below 200 day EMA, keeping longer term technical anile under pressure.
In the short-term, the key for DOGE is whether it can stay above the $0.10 mark, though its ongoing ability to have some leverage will be key in the future.
$DOGE
#DOGE
The result was a sharp reversal after the pulse, with DOGE closing at about $0.0992. And, open interest on derivatives also grew by approximately 10 percent in an hour from to approximately 350 million, which indicates the presence of used activity in the move.
Still mixed on the indicators. RSI has moved to 69.4, still approaching overbought levels. An ADX of 32.5 suggests a relatively strong trend; yet 50 day EMA is still below 200 day EMA, keeping longer term technical anile under pressure.
In the short-term, the key for DOGE is whether it can stay above the $0.10 mark, though its ongoing ability to have some leverage will be key in the future.
$DOGE
#DOGE