Key Points:

키 포인트:

• Dogecoin’s recent 19% surge and subsequent 7% loss.
• A significant drop in trading volume by half, impacting overall market activity.
• Despite setbacks, Dogecoin’s funding rate holds positive, showcasing trader confidence.

In a surprising deviation from the broader market trends, Dogecoin (DOGE) recently experienced a significant surge in its price, capturing the attention of crypto enthusiasts. However, the rollercoaster journey of this meme-inspired cryptocurrency has taken unexpected turns, prompting questions about its sustainability.

Dogecoin의 최근 19% 급증과 그에 따른 7% 손실. 거래량이 절반으로 크게 감소하여 전체 시장 활동에 영향을 미쳤습니다. 차질에도 불구하고 Dogecoin의 자금 조달 비율은 긍정적으로 유지되어 거래자의 신뢰를 보여줍니다. 더 넓은 시장 추세에서 놀랍게도 Dogecoin( DOGE)는 최근 가격이 급등하면서 암호화폐 애호가들의 관심을 끌었습니다. 그러나 밈에서 영감을 받은 이 암호화폐의 롤러코스터 여정은 예상치 못한 방향으로 진행되어 지속 가능성에 대한 의문을 불러일으켰습니다.

Analyzing Dogecoin’s recent performance on the daily timeframe chart, AMBCrypto identified a remarkable 19% increase in value between November 15th and 17th. This uptrend initially hinted at the emergence of a bullish phase, fostering optimism among investors. However, the mood quickly shifted as of November 18th, with DOGE witnessing a sudden 7% loss.

As of the latest update, Dogecoin has continued its descent with an additional 2% decline, accumulating a total loss of approximately 9% in the past 24 hours. This downward trajectory has also impacted Dogecoin’s Relative Strength Index (RSI), approaching the neutral line and suggesting a weakening bullish trend. If this trend persists, it could potentially give rise to a bearish phase.

최신 업데이트 기준 도지코인은 추가 2% 하락세를 이어가며 지난 24시간 동안 약 9%의 총 손실을 기록했다. 이러한 하향 궤적은 도지코인의 상대강도지수(RSI)에도 영향을 미쳐 중립선에 접근하고 약세 추세를 시사했습니다. 이러한 추세가 지속되면 잠재적으로 약세 국면이 발생할 수 있습니다.

Adding to the complexity of Dogecoin’s situation is a substantial drop in trading volume. According to AMBCrypto’s assessment of the Santiment volume chart, Dogecoin’s trading volume has halved. On November 17th, the volume stood at $2.06 billion, but the most recent data shows a significant decrease to around $1.06 billion. This reduction in volume indicates a decline in the heightened activity that initially drove the cryptocurrency’s price surge.

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Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.

Originally published at https://cryptosnewss.com on November 20, 2023.

원본은 2023년 11월 20일 https://cryptosnewss.com에 게시되었습니다.