The crypto-verse is full of surprises. Yesterday, the entire crypto market noted a massive downfall; today, however, assets like Dogecoin [DOGE]. Ethereum [ETH] and Binance Coin [BNB], along with several others, were seen steering towards the bull. Bitcoin [BTC] was back at $37K with a 3% surge in the last 24-hours. Price wasn’t the only aspect that rose; the market cap followed suit. At the time of writing, the overall market cap of the crypto-verse was at $1.71 trillion.
Dogecoin [DOGE] has undoubtedly turned heads as it grew in terms of price as well as popularity. The altcoin started as a mere meme coin but got close to Bitcoin in terms of fame. In addition, DOGE garnered endorsements from several prominent people, which further put the altcoin on a pedestal.
During press time, DOGE was trading for $0.38, with a 6.47% rise in the last 24-hours. Even though the altcoin was part of the latest crypto slump, it acquired up to 24% gains over the previous seven days.
Additionally, the market cap of the altcoin was noted at $50.32 billion. This further put the coin on the sixth spot.
Dogecoin [DOGE] one-hour price chart on Binance
The short-term price chart of Elon Musk’s favorite coin revealed that the bulls were residing in its market. The Parabolic SAR indicator was the first to note the presence of the bull as it formed dotted lines below the candlesticks. This support line restricted any form of a downward breakout.
The Awesome Oscillator indicator laid out dainty green closing bars. Despite this, Dogecoin was seen rising. The MACD indicator followed suit and formed a bullish crossover. The altcoin underwent this transformation earlier today and retained the same.
The one-hour price chart of DOGE noted that the market sentiment shifted from sellers’ to buyers.’ In addition, the Relative Strength Index [RSI] indicator had just surpassed 50 median and announced a buyers’ market.