Dogecoin
The largest memes cryptocurrency in the world by market value, has recovered some balance, after having formed a double bullish background during night trade.
Doge has won more than 2% to more than 16 cents since the early Asian hours, reversing part of the M that’s field of 16.63 cents to 15.67 cents, according to the Coindesk data source.
According to Coindesk’s investigation, the cryptocurrency formed a “double background pattern” around the 15.7-15.8 cents with volume higher than the average. The rebound is consistent with the recovery in the Bitcoin market leader
which has bounced to $ 107,000 from the minimum during the night of around $ 105,200.
The double fund is formed after a remarkable sales sale and is characterized by two funds at approximately the same level, separated by a brief recovery. It is said that an eventual movement above the high registered during provisional recovery, as seen in the case of Dege, confirms a change of bullish bullish tendency.
While the intradía impulse has changed bassist, the pattern of broader low low lows, which represents a lower trend consistent from the second half of May, remains intact.
The daily pricing table indicates that a convincing movement is required above the maximum of less than 17 cents, established during the weekend, to invalidate the broader bearish configuration.
Key insights
- Doge formed a clear double background pattern around the $ 0.157- $ 0.158 area, with a volume higher than the average, particularly during the 13: 00-14: 00 hours on July 1.
- The cryptocurrency experienced a stable climb that culminated in an upward closure of $ 0.161, with an increase in volume confirming the buyer’s interest.
- In the last 60 minutes from July 2 from 05:37 to 06:36, Dege demonstrated a clear bullish trend, which increased from $ 0.1605 to $ 0.1611, which represents a 0.36%gain.
- The price of the action formed an ascending channel, with notable volume peaks at 06:06 and 06:07 (more than 4.4my 6.0m respectively)confirming a strong interest of the buyer.
- After reaching a local maximum of $ 0.1611 at 06:14, Dege experienced a brief setback at $ 0.1606 at 06:27 before recovering to close the time at $ 0.1611.
