On October 29, DOGE rose sharply, what was it?
Many people call such impulses in different ways and very often such movements are called pumps.
History
On September 7, 2021, there was a PUMP, which was accompanied by a gigantic volume.
The price went up sharply, after which it adjusted slightly, and then again made an incredible impulse on April 18, 2021.
This impulse was also accompanied by a large volume, but this volume was less than at the first PUMP.
What does this tell us?
DIVERGENCE
According to the chart, we see that the price is rising, and the volume is falling, and this is a sign of an imminent reversal.
This is often observed with an artificial price movement or with a PUMP.
If we look at the trend line, we can see that the price, after the PUMP, returns to the trend line, as if reaching a balance.
Most often, the PUMP is accompanied by news.
As we know, Elon Musk bought Twitter, and not just bought it, but is going to make DOGE the main cryptocurrency for making payments to Twitter.
Around this time, the peak was formed on October 29, 2022, accompanied by large volumes.
How will this affect the price?
Share your opinion.
Many people call such impulses in different ways and very often such movements are called pumps.
History
On September 7, 2021, there was a PUMP, which was accompanied by a gigantic volume.
The price went up sharply, after which it adjusted slightly, and then again made an incredible impulse on April 18, 2021.
This impulse was also accompanied by a large volume, but this volume was less than at the first PUMP.
What does this tell us?
DIVERGENCE
According to the chart, we see that the price is rising, and the volume is falling, and this is a sign of an imminent reversal.
This is often observed with an artificial price movement or with a PUMP.
If we look at the trend line, we can see that the price, after the PUMP, returns to the trend line, as if reaching a balance.
Most often, the PUMP is accompanied by news.
As we know, Elon Musk bought Twitter, and not just bought it, but is going to make DOGE the main cryptocurrency for making payments to Twitter.
Around this time, the peak was formed on October 29, 2022, accompanied by large volumes.
How will this affect the price?
Share your opinion.
