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Dogecoin [DOGE] Buyers Continue To Splurge Despite Bearish Invasion


The crypto-verse was glistening in green as the bulls had entered the market. Polkadot [DOT], Dogecoin [DOGE], Terra [LUNA], and Ethereum [ETH] were leading today’s bull run. After garnering massive gains yesterday, Binance Coin [BNB] was seen taking a breather. Nevertheless, the asset was already close to hitting $500.

Speculations from the community were in and it was highly inclined towards Bitcoin [BTC] hitting $60K anytime soon. On one hand, Ethereum [ETH] revealed that it was on its way to conquer the $4K zone. Polkadot [DOT], on the other hand, was on an upward trajectory. The altcoin jumped to $41.57 as it witnessed a daily surge of about 19%.

Dogecoin [DOGE] was also mirroring the ongoing sentiment in the market. The asset managed to gather gains of about 6.27% over the last 24-hours. At the time of writing, DOGE was trading for $0.237.

DOGE amassed attention from around the globe. As serious as the coin’s creators and Elon Musk wanted people to take the asset, it always remained a meme coin. More recently, Shark Tank’s Mark Cuban went on to recommend Dogecoin for “fun” to people.

Despite the consistent fluctuations in its price and market cap, Dogecoin managed to stay in the top 10. During press time, DOGE stood as the 10th largest cryptocurrency with a market cap of $31.4 billion.

Dogecoin [DOGE] one-hour price chart on Binance

Dogecoin
Dogecoin [DOGE] buyers continue to splurge despite bearish invasion 3

The one-hour price chart of DOGE noted a reversal of the trend that the asset resided in. The Awesome Oscillator indicator managed to roll out a green closing bar after laying out an array of red bars that hinted at the presence of the bear. However, the latest transformation could be beneficial for the altcoin. The Chaikin Money Flow [CMF] indicator was currently below the zero median in the bearish arena. But, the CMF marker was pointed upwards and suggested that it could be making its way onto the bullish zone.

Additionally, the Relative Strength Index [RSI] indicator pointed out that the DOGE was being excessively bought.



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