DOGE Dogcoin price reaches $0.38945 per coin, up 3.03% intraday

Dog Coin DOGE today's market news, DOGE Dog Coin latest price: $0.38945, up 4.581% in 24 hours, trading volume $4.163 billion 

After analyzing the k-chart, we found that it is currently in an uptrend. It is more sharply up compared to 14:00, back up from 08:00 and down from 12:00. Rising prices but falling trading volume usually indicates that the market is losing upward momentum and the number of buyers is decreasing.
This volume-price divergence may be caused by a lack of selling. In this case, prices may retrace or consolidate sideways in the future as the lack of trading volume makes it difficult to sustain the price rise. Investors need to be alert to the risk of a pullback from the highs and watch for trading volume to keep up with the price rise and for new buying to step in.
The market is trending upwards, trading volume is decreasing and prices are rising. It is currently overbought as judged by the Williams indicator. The volume of trading has decreased recently, trading volume is lower than in the previous hours, the price is rising, and trading volume is decreasing: the upward momentum is weakening.

Upward momentum is weakening, there is a risk of retracement, it is recommended to reduce positions at the right time.

The above content is for reference only and does not constitute investment advice.