Dogecoin (CRYPTO: DOGE) has rallied 15% in the past seven days, with technical indicators suggesting a breakout could be on the horizon.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
Dogecoin (CRYPTO: DOGE) | $0.1988 | $29.6 billion | +6% | +15% |
Shiba Inu (CRYPTO: SHIB) | $0.00001497 | $8.8 billion | +11.2% | +16.6% |
Pepe (CRYPTO: PEPE) | $0.058793 | $3.7 billion | +11.2% | +17.8% |
Trader Notes: Glassnode data shows around 7% of DOGE’s total supply is concentrated at $0.20, making it a critical resistance zone.
The next major supply zone is $0.31, with little resistance in between suggesting a potential sharp move higher if $0.20 is broken.
Around 15% of DOGE’s supply was last moved 6-12 …
Full story available on Benzinga.com