NFT Sales Rise +10% To $115M This Week – InsideBitcoins
NFT Market Growth: The global NFT market has seen a 10% increase in sales volume this week, reaching $115 million, driven by a rally in the crypto market, particularly with Ethereum and Polygon leading in trading volumes.
Future Predictions: Experts predict a significant upcoming bull run for NFTs between 2025 and 2027, potentially surpassing previous market peaks due to increased adoption and innovation across various industries.
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Technical Analysis for DOOD
Technical Sentiment Analysis for Doodles (DOOD) As of , Doodles (DOOD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOOD 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, DOOD 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 $-.
Doodles (DOOD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00165 | 0.00247 | 0.00325 | 0.00406 | 0.00484 | 0.00566 | 0.00644 |
| Fibonacci | 0.00247 | 0.00308 | 0.00345 | 0.00406 | 0.00467 | 0.00505 | 0.00566 |
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