Bitcoin Surges to $95,800, Crypto Market Cap Rises 4.5% to $3.35 Trillion
- Market Rebound: The crypto market cap rose 4.5% to $3.35 trillion over the past 24 hours, driven by cooler-than-expected U.S. CPI data, indicating a renewed investor interest in risk assets.
- Bitcoin Breakthrough: Bitcoin surged 4.5% to $95,800 after breaking the $94,500 resistance level, stabilizing below $95,000, significantly boosting investor sentiment as the fear and greed index rose 11 points to 52.
- Short Liquidations: Over $591 million in short positions were liquidated, with Bitcoin accounting for $266.58 million, highlighting the market's strong rebound and traders' unexpected reactions, further driving prices upward.
- ETF Inflows: Inflows into Bitcoin ETFs surged nearly 7x to $753.7 million, indicating rising institutional demand for crypto assets, which could provide ongoing support for market recovery and drive prices towards new highs.
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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 4 technical signals, shows that 1 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 | 0.0434 | 0.0617 | 0.0821 | 0.1 | 0.121 | 0.139 | 0.159 |
| Fibonacci | 0.0617 | 0.0765 | 0.0856 | 0.1 | 0.115 | 0.124 | 0.139 |
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