Surge in Trading Volume for South Korean Cryptocurrencies
- Volume Surge: In the last 24 hours, South Korea's largest cryptocurrency exchanges, Upbit and Bithumb, have experienced a remarkable increase in trading volumes, with XRP leading at $56.69 million, indicating strong market interest in this asset.
- Major Cryptocurrencies Performance: Bitcoin (BTC) and Ethereum (ETH) followed closely with trading volumes of $56.28 million and $31.81 million respectively, suggesting that these mainstream cryptocurrencies remain popular among investors, reflecting market stability and confidence.
- Altcoin Activity: In addition to major coins, altcoins such as ORCA, OPEN, EDEN, and KAIA also showed significant trading activity, achieving volumes of $16.31 million, $9.12 million, $23.39 million, and $19.42 million respectively, indicating investor interest in diversified portfolios.
- Market Trend Analysis: The surge in trading volumes for XRP and other altcoins enhances the overall activity in the South Korean market, potentially attracting more investors and further increasing liquidity and trading activity in the cryptocurrency market.
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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 crypto.
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 | 0.0807 | 0.089 | 0.0968 | 0.105 | 0.113 | 0.121 | 0.129 |
| Fibonacci | 0.089 | 0.0952 | 0.099 | 0.105 | 0.111 | 0.115 | 0.121 |
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