Yesterday, SpaceX officially hit the Nasdaq and made history with the largest IPO in the US—raising $75 billion with a spectacular valuation of $1.77 trillion!
And as expected, Dogecoin ($DOGE ) responded to this hype. The price of DOGE surged nearly 6% and approached the crucial area of $0.0905.
Even though this coin isn't financially tied to SpaceX's stock, the "Elon Effect" sentiment and the anticipation of the DOGE-1 satellite mission to the moon successfully spurred a surge in volume and brought a risk-on sentiment to the market.
💡 Trading Note: Impulsive moves driven by major news often trigger FOMO. Instead of chasing the price, always make sure to dissect the order flow and monitor liquidity movements in the order book. This step is crucial to validate whether this rise is backed by real accumulation from institutions (smart money) or just a fleeting retail volatility.
#DogeRisesNearly6PctOnSpaceXIPO #Dogecoin #SpaceXIPO #CryptoIndonesia #Orderflow
And as expected, Dogecoin ($DOGE ) responded to this hype. The price of DOGE surged nearly 6% and approached the crucial area of $0.0905.
Even though this coin isn't financially tied to SpaceX's stock, the "Elon Effect" sentiment and the anticipation of the DOGE-1 satellite mission to the moon successfully spurred a surge in volume and brought a risk-on sentiment to the market.
💡 Trading Note: Impulsive moves driven by major news often trigger FOMO. Instead of chasing the price, always make sure to dissect the order flow and monitor liquidity movements in the order book. This step is crucial to validate whether this rise is backed by real accumulation from institutions (smart money) or just a fleeting retail volatility.
#DogeRisesNearly6PctOnSpaceXIPO #Dogecoin #SpaceXIPO #CryptoIndonesia #Orderflow