$DOGE 24-hour gains are 3.37%, but turnover in the most recent full hour more than tripled, while the price rose by less than half a percentage point.
The numbers: over the most recent full hour, the price rose from 0.07601 to 0.07638, a gain of +0.4868%; turnover was 1.1278 million USDT, compared with 361,400 in the previous hour, up +212% hour over hour. Higher turnover only means trading is more active; the direction is still undecided.
The current price is 0.07635, not far from the 24-hour high of 0.07682. If it were being pushed up by one-sided buying, it probably wouldn’t have been hovering around this level for so long.
This rally has climbed from the 24-hour low of 0.07334.
My take: this looks more like a change of hands than a one-way move. Whether 0.07682 can be broken on higher volume is worth watching over the next few hours; if it can’t, even higher turnover would just mean more trading back and forth at the same level. I could be wrong, but at this price, I don’t yet see a reason to chase it.
The numbers: over the most recent full hour, the price rose from 0.07601 to 0.07638, a gain of +0.4868%; turnover was 1.1278 million USDT, compared with 361,400 in the previous hour, up +212% hour over hour. Higher turnover only means trading is more active; the direction is still undecided.
The current price is 0.07635, not far from the 24-hour high of 0.07682. If it were being pushed up by one-sided buying, it probably wouldn’t have been hovering around this level for so long.
This rally has climbed from the 24-hour low of 0.07334.
My take: this looks more like a change of hands than a one-way move. Whether 0.07682 can be broken on higher volume is worth watching over the next few hours; if it can’t, even higher turnover would just mean more trading back and forth at the same level. I could be wrong, but at this price, I don’t yet see a reason to chase it.