$DODO What are the factors behind today's big surge?
The most visible factors are:
Increased volume and buying pressure.
Daily volume is 1.46× the average over the last 7 days. Net large-order flow was positive at 39,554,208 DODO, with an inflow rate of 95.78%. This suggests recent aggressive buying, although it does not identify who bought or why.
Breakout above the recent high.
DODO surpassed its 7-day high of US$ 0.02371. This type of breakout tends to attract technical trades and short covering, amplifying price moves in less liquid assets.
Technical indicators aligned for an upward move.
The MACD has just registered a bullish crossover; the price is above the 7-, 25-, and 99-period moving averages; and the SuperTrend continues to point upward.
The most visible factors are:
Increased volume and buying pressure.
Daily volume is 1.46× the average over the last 7 days. Net large-order flow was positive at 39,554,208 DODO, with an inflow rate of 95.78%. This suggests recent aggressive buying, although it does not identify who bought or why.
Breakout above the recent high.
DODO surpassed its 7-day high of US$ 0.02371. This type of breakout tends to attract technical trades and short covering, amplifying price moves in less liquid assets.
Technical indicators aligned for an upward move.
The MACD has just registered a bullish crossover; the price is above the 7-, 25-, and 99-period moving averages; and the SuperTrend continues to point upward.
