Dogecoin's mining speed reaches 1.21PH/s, reflecting the network's growth.
Dogecoin's mining speed reaches 1.21PH/s, reflecting the network's growth.
Dogecoin's rsi graph indicates a continued bullish trend.
#Dogecoin is ahead of #Cardano in Google Trends, reflecting the growing public interest.
The #hash rate graph shows tremendous activity on the network over the past month, with a current hash rate of 1.21PH/second.
The hash rate corresponds to a consistently high level of miner participation, peaks at up to 2 hours per second, and represents a period of increased activity combined with increased processing power to keep the network secure.
The trend line below shows Dogecoin's hash rate has been growing steadily over the years, indicating the long-term growth and stability of the network. The mixed and consistent growth increases security and resilience to future attacks, making dogecoin equally attractive to both miners and investors.
#cryptocurrency trader Tardigrade shared a chart showing a hidden bullish divergence of Dogecoin's 4-hour RSI, which demonstrates further upward momentum.
Hidden bullish divergence occurs when price makes higher lows and the RSI makes lower lows, indicating an underlying strength of safety, even in the event of a correction.
In this case, the Dogecoin price will gradually rise from its previous lows, but the RSI will move lower, leading to a divergence and then an uptrend will follow.
This is especially important as an early indicator of bullish momentum that may be preparing for the next rally in the current rally. As an added bonus, a candlestick pattern appears on the chart during the consolidation period before the breakout, indicating the potential for continued price gains. Major market events have shown a sharp increase in search activity when it comes to dogecoin, indicating that the altcoin has managed to attract the attention of the entire global community.
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