• Dogecoin [DOGE] outperformed every other crypto on the top 10 list by market capitalization in terms of daily gains, increasing by over 5% in the last 24 hours.
• WhaleStats reported that DOGE was on the list of the top 10 most purchased tokens among the top 100 BSC whales in the last 24 hours.
• CryptoQuant’s data revealed that the token’s Relative Strength Index was in an overbought position, which further increases the chances of a price dip in the days to follow.
Dogecoin [DOGE] has been exhibiting bullish behaviour in the past 24 hours, outperforming every other crypto on the top 10 list by market capitalization in terms of daily gains. At press time, DOGE was trading at $0.09028 with a market cap of more than $11.9 billion, and its price had increased by over 5% in the last 24 hours.
Analytics and market indicators have been bullish for the crypto. Dogecoin’s Fear and Greed index shifted to the greed side, and CryptoQuant’s data revealed that the token’s Relative Strength Index was in an overbought position. This increases the chances of a price dip in the days to follow.
WhaleStats reported that DOGE was on the list of the top 10 most purchased tokens among the top 100 BSC whales in the last 24 hours. This further solidifies the bullish sentiment around the coin. Additionally, Robinhood recently announced that it was working on providing support for DOGE in its new Robinhood wallet, which could be another reason for the surge in DOGE’s price.
All in all, DOGE’s market capitalization and daily gains have been impressive, and the bullish sentiment around the coin is strong. However, investors should be aware of the fact that the RSI and Fear and Greed index are pointing to a potential price dip in the days to follow. Therefore, it is important to keep an eye on the market and make informed decisions.