Bitcoin Exhibits 1.72% Kimchi Premium in Korean Market on December 26
- Bitcoin Price Fluctuation: As of December 26, Bitcoin (BTC) was trading at 129.11 million KRW on South Korea's Upbit exchange, down 0.11% from the previous day, indicating slight market weakness that could affect investor confidence.
- Global Price Discrepancy: On the global exchange Binance, BTC was priced at 126.92 million KRW, resulting in a price gap of 2.19 million KRW, which may attract arbitrage traders to exploit this difference.
- Premiums on Other Major Altcoins: Ethereum (ETH) recorded a kimchi premium of 1.78%, while other major altcoins like Solana (SOL) and XRP showed premiums of 1.92% and 1.84% respectively, indicating strong demand for these assets in the Korean market.
- Overall Market Trend: Overall, major altcoins are trading at a premium range of 1.7% to 1.9% in the Korean market, reflecting sustained investor interest in cryptocurrencies, which could drive future market activity.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0628 | 0.0816 | 0.0988 | 0.118 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0766 | 0.085 | 0.0988 | 0.112 | 0.121 | 0.135 |
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