$DOGE is trending on its 15% day, and today's candle adds a detail the headline leaves out.
The numbers:
Price: 0.0992 USD
24h: +4.9%, high 0.1059
Market cap: 15.5B USD, rank 12
September 21: DOGE opened at 0.0873, traded up to 0.1021, its first trade above 0.10 since August 22, and closed at 0.0999, a 14.4% daily gain. Spot volume was 261M USDT that day, against 30M to 70M on normal days earlier in the month.
September 22: price pushed to 0.1059, the highest level since May 22. It did not hold there. Price is back at 0.0992, below 0.10, with a long upper wick on the daily candle.
Context: DOGE is still 86.4% below its all time high of 0.7316 from May 2021.
The level that matters is 0.10. A daily close back above it keeps the breakout alive. Below price, the first reference is 0.0951, the September 5 high.
Close above 0.10 this week, or a retest of 0.0951 first?
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The numbers:
Price: 0.0992 USD
24h: +4.9%, high 0.1059
Market cap: 15.5B USD, rank 12
September 21: DOGE opened at 0.0873, traded up to 0.1021, its first trade above 0.10 since August 22, and closed at 0.0999, a 14.4% daily gain. Spot volume was 261M USDT that day, against 30M to 70M on normal days earlier in the month.
September 22: price pushed to 0.1059, the highest level since May 22. It did not hold there. Price is back at 0.0992, below 0.10, with a long upper wick on the daily candle.
Context: DOGE is still 86.4% below its all time high of 0.7316 from May 2021.
The level that matters is 0.10. A daily close back above it keeps the breakout alive. Below price, the first reference is 0.0951, the September 5 high.
Close above 0.10 this week, or a retest of 0.0951 first?
Follow me for daily market breakdowns.
#dogecoin #doge #crypto #memecoin #binance