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The largest cryptocurrency of memes in the world by market value, has found a balance, having formed a double bull-in-law model during the day after day.
DOGE has won more than 2% at more than 16 cents since the first Asian hours, reversing part of the slide on Monday from 16.63 cents to 15.67 cents, according to Data Source Coindesk.
According to research on the Coindesk AI, the cryptocurrency formed a “double-bottomed pattern” around the area of 15.7-15.8 cents with a volume greater than the average. The rebound conforms to the resumption of the Bitcoin market leader
which has rebounded at $ 107,000 compared to the lowest night of the $ 105,200.
The double background forms after a notable sale and is characterized by two stockings about at the same level, separated by a brief recovery. A possible movement above the high level during provisional recovery, as we can see in the case of Doge, would confirm a change of Bull-a-Bullins trend.
While the intra -day momentum has changed, the wider scheme of low highs, representing a coherent decrease trend since the second half of May, remains intact.
The daily price table indicates that a convincing movement above the 17 cents lower summit, established during the weekend, is necessary to invalidate the wider lower configuration.
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- DOGE formed a light double background pattern around the area from 0.157 to $ 0.158, with a volume above average, especially during the hours of 13: 00 to 14: 00 on July 1.
- The cryptocurrency experienced a constant rise which led to an upward fence at $ 0.161, with an increasing volume confirming the interest of buyers.
- During the last 60 minutes of July 2, 05:37 at 06:36, DOGE demonstrated a clear upward trend, going from $ 0,1605 to $ 0.1611, representing a gain of 0.36%.
- Price action has formed an ascending channel, with notable volume tips at 06:06 and 06:07 (more than 4.4 m and 6.0 m respectively)confirming a strong interest of buyers.
- After reaching a local summit from $ 0.1611 to 06:14, DOGE experienced a brief decline at $ 0.1606 at 06:27 before recovering to close the time at $ 0.1611.
