11/14/2023 0 Comments Dodo crypto coinMeanwhile, those searching for alternatives to DODO for diversifying their crypto investment portfolio can find interest in this hot-cake meme coin, Shibie. Since profit-taking and reevaluation might trigger a short-term pullback or consolidation, traders and investors can safeguard gains during these phases using tight stop-loss orders.Īlthough this market projects a great time to invest in DODO, traders and investors should consider these overbought conditions before making investment decisions. Also, the considerably high RSI indicates robust bullish control, complemented by the MACD in the overbought territory.Ĭonsidering this market condition, DODO is prone to price correction in the coming week. While DODO’s market value has spiked, its volatility has also surged, evident in the expanding Bollinger bands. This confirms the bullish solid momentum on DODO price since the last 4 days and its potential for more significant surges in the coming days. This suggests more price rallies for DODO as it trades todayĪlso, in the chart above, DODO’s Moving Average Convergence Divergence (MACD) indicator is above the signal line and has bold green histogram bars. The asset’s Relative Strength Index (RSI) has hit 86 in the overbought zone (above 70). DODO/USD Daily ChartĪccording to the chart above, DODO’s green candle stick formation has surged above the Upper Bollinger Bands, indicating increased buying pressure and an overbought market situation in the last 24 hours. While this surge indicated positive sentiment and strong buying interest, the technical analysis could help determine if this Bird coin can enrich investors with more gains. Throughout this surge, DODO support remained at $0.09704, showcasing the growing confidence in its value.Īs of 6:00 am EST on August 8, DODO’s 24-hour price rose by 56% to $0.157, boosting its trading volume by 1369% to $271 million within the same time frame. This news triggered a market-wide rally for DODO, which pushed it to a 30-day high of $0.1301. DODO Hits 30-Day HighĭODO surged impressively by 30% in just an hour, driven by anticipation of Binance Futures’ USDⓈ-M DODO perpetual contract scheduled to launch today at midnight UTC. If more developments emerge, excitement and adoption for the DODO protocol and token could increase, further boosting the asset’s value. The dramatic surge in DODO’s price during the past 24 hours could be attributed to the recent achievements the protocol has attained. Having tested several prices since launch, the asset is projecting a promising outlook for investors. The on-chain liquidity provider and Decentralized Finance Protocol, DODO, is enjoying its share of today’s favorable market sentiment. Join Our Telegram channel to stay up to date on breaking news coverage
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