Dogecoin price skyrockets as valuation surpasses Twitter and Ford

Dogecoin's ongoing rally does not seem to stop after reaching new records. The same coin is traded above $ 0.6 at the time of writing. It has increased 42% in 24 hours and 119% in the last seven days. Dogecoin is currently worth $ 77 billion. It made Ripple the fourth largest cryptocurrency in the world. Dogecoin is now more valuable than companies like Twitter and Ford. At the time of writing, Dogecoin is trading at $ 0.64 after breaking the $ 0.6 resistance. Support above $ 0.6 will stabilize the market and allow the bulls to maintain big gains. Short-term technical indicators show that Dogecoin is easily in the hands of the bulls. For example, the moving average convergence divergence (MACD) is unshakable by movement above the average line (0.00). In addition, the large span of the MACD line above the signal line indicates that the DOGE road with the least obstructions is north. The bullish trend was also confirmed by the Relative Strength Index (RSI) as shown on the four-hour chart. Watching the stampede resistance at $ 0.6, the trend strength indicator kept rising, encouraging more investors to enter the market. DOGE / USD Four-Hour Chart DOGE / USD Price Chart by Tradingview Meanwhile, bulls are focusing on $ 1 and Dogecoin could explode higher as speculation increases. Fear of Loss (FOMO) seems to be the reason the Dogecoin rally is unstoppable. As mentioned earlier, creating additional support will guarantee the uptrend. Dogecoin Intraday Levels Spot Price: $ 0.64 Trend: Bullish Volatility: Rising Support: $ 0.6, $ 0.5 and $ 0.4 Resistance: $ 0.7 and $ 1 Dogecoin Post Price as Twitter points and Ford it reached new heights as it first appeared in Coingape.

Join the Discussion

  • BrokerEUR/USD
    OANDA 1.3pips (variable) margin: 3.33%
    IG 0.6pips (fixed) margin: 3.33%
  • Back to top