Both the bears and the bulls were residing in the crypto market. Dogecoin [DOGE] and Polakdot [DOT] were harboring the bears while all the other coins had the bulls grazing in their market.
After yesterday’s bearish wave, most of the coins were running towards the bull. Bitcoin [BTC] was trying to get back into its form by aiming for $50K. At press time, BTC was trading for $48,613. Additionally, the coin’s market cap witnessed a surge and finally moved beyond $910 billion. Solana [SOL] was back in the game as the asset was rising by a whopping 17.44% which further pushed the price of the coin to $163.
Dogecoin [DOGE] had a confusing year. With major fluctuations in its price, DOGE was left gasping for air. While most of the assets were surging, DOGE noted a 5.57% daily drop. The altcoin was trading for $0.24, during the time of writing. The asset barely made gains throughout the week.
Crypto rankings were significantly impacted. An array of new coins joined the top ten and prominent currencies lost their spot on this list. With assets like Solana [SOL] making a debut in the top ten, Dogecoin plummeted with regard to ranking. The altcoin was ranked at the 9th position with a market cap of $31.9 billion.
Dogecoin [DOGE] one-hour price chart on Binance
The one-hour price chart of DOGE on the crypto exchange Binance noted the emergence of the bear. The Chaikin Money Flow [CMF] indicator remained over the zero median in the bullish area. However, the CMF marker was quite close to the bearish zone. The Klinger Oscillator indicator was still in a bullish crossover, but a bearish crossover wasn’t far away. Both the lines were extremely close to each other. This could mean that the bears could soon take DOGE down.
The Relative Strength Index [RSI] indicator noted no major buying or selling activity. The RSI marker stayed still at the 50 median.