$DOGE
260 million U in trading volume squeezed into a 3.7% range—the volume-price action for DOGE today is just awkward.
The current price is 0.08695, up 1.99% over 24 hours. The intraday high was 0.08809 and the low was 0.08497, for a 3.7% range. The price is now 63.5% of the way up from the bottom of that range. Twenty-four-hour trading volume was 260 million U, about 60% higher than in the previous 24-hour period—clearly, there was more money flowing in than usual. The volume ratios for the last three 1-hour candles were 1.3, 1, and 1; the last two have returned to average volume, so the extra volume wasn't concentrated in the final few hours.
The last four 1-hour closes were 0.0876, 0.08755, 0.08779, and 0.08722, moving by less than 0.0006 in a mostly sideways pattern. The last six 4-hour closes were 0.08532, 0.0872, 0.08686, 0.08674, 0.08683, and 0.08779. The center of gravity rose from 0.08532 to 0.08779, but the four candles in between were all stuck between 0.0867 and 0.0872, with none breaking away from the others. The price stayed within the 3.7%-wide 0.085–0.0881 range all day. Both the 1-hour and 4-hour time frames tell the same story: narrow.
0.0881 is the first hurdle above; if it breaks through, watch for 0.09. If 0.085 doesn't hold, the next stop is 0.0807.
260 million U in trading volume squeezed into a 3.7% range—the volume-price action for DOGE today is just awkward.
The current price is 0.08695, up 1.99% over 24 hours. The intraday high was 0.08809 and the low was 0.08497, for a 3.7% range. The price is now 63.5% of the way up from the bottom of that range. Twenty-four-hour trading volume was 260 million U, about 60% higher than in the previous 24-hour period—clearly, there was more money flowing in than usual. The volume ratios for the last three 1-hour candles were 1.3, 1, and 1; the last two have returned to average volume, so the extra volume wasn't concentrated in the final few hours.
The last four 1-hour closes were 0.0876, 0.08755, 0.08779, and 0.08722, moving by less than 0.0006 in a mostly sideways pattern. The last six 4-hour closes were 0.08532, 0.0872, 0.08686, 0.08674, 0.08683, and 0.08779. The center of gravity rose from 0.08532 to 0.08779, but the four candles in between were all stuck between 0.0867 and 0.0872, with none breaking away from the others. The price stayed within the 3.7%-wide 0.085–0.0881 range all day. Both the 1-hour and 4-hour time frames tell the same story: narrow.
0.0881 is the first hurdle above; if it breaks through, watch for 0.09. If 0.085 doesn't hold, the next stop is 0.0807.