Summary
TLDR: Dogecoin price rallied 42% in seven days, reaching $0.20, instilling confidence in holders. Technical indicators suggest further growth, but sell signal indicates potential correction to $0.135. Always conduct your own research before making financial decisions.
Key Points
1. Dogecoin (DOGE) price rallied by 42% in the past seven days, leaving meme coin enthusiasts excited about the increase.
2. Dogecoin holders remain optimistic about the coin’s future, with Open Interest surging by 66% and technical indicators like RSI and MACD painting a bullish picture.
3. Despite the positive indicators, a sell signal based on price daily average addresses (DAA) divergence suggests a potential correction in the Dogecoin price, with a possible drop to $0.151.