Dogecoin (DOGE) is Ready to Move Again, But It Is Its Rival at $0.15 You Should Watch Closely
The post Dogecoin (DOGE) is Ready to Move Again, But It Is Its Rival at $0.15 You Should Watch Closely appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) continues to show signs of potential price movement, yet attention is shifting to its competitor, RXS. While DOGE consolidates within a narrow range, Rexas Finance’s token, RXS, demonstrates growing momentum with substantial presale success. Dogecoin (DOGE) continues to show signs of potential price movement, yet attention is shifting to its competitor, RXS. While DOGE consolidates within a narrow range, Rexas Finance’s token, RXS, demonstrates growing momentum with substantial presale success. With DOGE’s volatility reducing and RXS offering unique investment utilities, market sentiment is beginning to favor the latter. Whales Have Accumulated RXS Dogecoin Consolidates Amid Tight Range, Awaits Breakout Dogecoin’s price is stable, and it is currently trading near $0.39921 against USDT, with small intraday swings. Volatility is down, as shown by the tight Bollinger Bands, and the indicators suggest we may be about to witness a big price move. DOGE’s short-term direction looks critical to resistance $0.45780 and support $0.37789. The bearish divergence in the MACD points towards a loss of bullish momentum and a weaker bullish push, leading to a pullback setup. However, DOGE’s price is above the 20-day SMA at $0.41784, indicative of structural bullish support holding up. Prices could break out to $0.50, but a breakdown brings that all the way down to $0.33. Source: TradingView Overall, Dogecoin continues to gain from its recent rally, leaving the overall sentiment cautiously optimistic. However, market participants are looking for confirmation of the next trend through a breakout or breakdown. DOGE’s consolidation until then will keep its potential price action limited in the short term. RXS Emerges as a Strong Rival with Growing Demand Investors have been attracted to Rexas Finance’s token RXS, which is priced at $0.15 due to its utility and growth potential. This coin has rapidly managed to sell out its presale stages and…
Filed under: News - @ December 23, 2024 6:25 am