DOGE traded lower along with other major cryptocurrencies as the global cryptocurrency market cap fell 2.5% to $2 trillion at press time.On Tuesday, DOGE and other major coins traded muted after a surge in their prices earlier in the week.
Bitcoin’s price tumbled after the U.S. Department of Justice seized $4.5 billion worth of cryptocurrency stolen during the 2016 Bitfinex hack. It was also reported on Tuesday that a major Binance Coin BNB whale acquired 9 million DOGE, worth over $1.41 million.
In order to see a continuation towards the upside DOGE should advance above and hold some strong resistance levels as shown on my chart, currently the EMA50 (yellow), the descending trend line dating back to October 28th (purple) and finally would be ideal to see a break from our daily clouds(red).
Bitcoin’s price tumbled after the U.S. Department of Justice seized $4.5 billion worth of cryptocurrency stolen during the 2016 Bitfinex hack. It was also reported on Tuesday that a major Binance Coin BNB whale acquired 9 million DOGE, worth over $1.41 million.
In order to see a continuation towards the upside DOGE should advance above and hold some strong resistance levels as shown on my chart, currently the EMA50 (yellow), the descending trend line dating back to October 28th (purple) and finally would be ideal to see a break from our daily clouds(red).