Investor's Face is Smiling: Dogecoin Made it Two Out of Two

#DogeCoin rose by more than 10 percent from $0.0730 to $0.0813.

DOGE rose for two consecutive days and increased by 14.74 percent in the last 48 hours. According to #CoinMarketCap , trading volume increased by more than 15 percent in the last 24 hours, reaching $1,150,262,483.

Despite the rising price, the #Dogecoin Fear and Green Index, which measures market mood and is also available for Bitcoin, Ethereum and other cryptocurrencies, is currently stuck at 68 and in the Greed zone. This indicated that the market may have become overheated and traders and investors started selling DOGE to make a profit, causing the price to drop.

When the index begins to exhibit “fear,” it indicates that this is a strong buying opportunity, and market participants will likely begin stockpiling a coin, pushing its price higher.

Analyst Ali Martinez published a figure generated by on-chain data business IntoTheBlock earlier this week. According to the chart, #Doge🦊 was “navigating a narrow zone squeezed between two critical supply walls.”

The chart presented the possibility of a breakout in Dogecoin. Martinez stated that he believes this is possible if #DOGE exceeds the $ 0.076 barrier. In this case, he said, all eyes should be on “the next significant hurdle at $0.084.”

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