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- Solana’s BONK falling.
- ops the list of dog faced tokens.
- Volume stands at $287.1 million.
DOGE rises to rule the dog community, as Solana’s BONK crashes by nearly 50% in the past 24 hours. Amid all the dog-themed meme coins, which include DOGE, SHIB, and BONK, Musk’s favorite coin sets a regime and shows signs of a rally. The holders are excited about its return and celebrate by purchasing the token in bulk. Many BONK holders dumped the coin in the past few hours, which led to a downfall. In response to this, our Kabosu-dedicated coin rose like a charm. Kabosu fans are eagerly waiting to embrace the bull run in the DOGE.
Here’s what the charts reveal
The current DOGE movement has formed a falling parallel channel, with the recent rise reaching the upper brim of the pattern. All significant EMAs float above the current prices of $0.0724, with 200 and 20 EMA being captured. The trading volume is observed to be contained, and range bound. If current prices can successfully sustain above the breakout level of $0.0736, there is a chance a high run can be established, reaching $0.0817.
The CMF rises above the baseline for the rise in the prices and shows an uptick in the prices. The MACD records buyers entering the market to accumulate DOGE for the upcoming run. It also reflects a slight spike in interest. The RSI slides up subtly to show transformation from sellers’ pull to buyers’.
The peephole
The smaller time frame suggests the rise occurring steadily and forming steps with rhythmic side movements. The CMF escalated to the higher ranges in the positive region and reflected the price rise. The MACD records a thread of sellers booking profits and competing with active buyers. The RSI goes flat near the 50-mark average, showing equilibrium among the buyers and sellers.
Conclusion
The DOGE market expects a boom in the coming term, and users are accumulating to enjoy the rise. The market is set to establish supremacy and make its holders proud. The holders must watch the breakout level of $0.0736 to relish the forthcoming boom.
Technical levels
Support levels: $0.063 and $0.056
Resistance levels: $0.087 and $0.094
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
