(( DOGE ))
🧧🧧🎁🎁🎁
🚨 Big Box 🚨
High trading volume is generally seen as a positive indicator of any upward movement, as it reflects increased participation from retail and institutional traders, and potentially large investors.
For a currency heavily reliant on collective momentum like DOGE, this activity could contribute to increased buying power and the continuation of the upward trend.
Additionally, the hourly charts showed the formation of what is known as a golden cross, a technical pattern that occurs when a short-term moving average crosses above a longer-term moving average.
In this case, #DOGE recorded a 9-period moving average crossing above its 26-period moving average, a bullish signal indicating that short-term momentum is beginning to outperform the previous trend and could pave the way for a new upward wave, especially if it continues to be supported by strong trading volume.
$DOGE
$BTC
$SOL