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Dogecoin Value Surges 50% As Crypto Craze Crashes Trading Apps in US and India“We’ve been really encouraged by the adoption so far and are excited to keep building for our customers around the world as we ship new features and expand support for new networks and tokens,” added Kerbrat. Dogecoin google finance Robinhood kicked off the reasons for its latest gains via a quiet deal with the U.S. Marshal Service. It bought back a massive slug of shares—55.3 million—formerly owned by Sam Bankman-Fried of FTX infamy. The U.S. took custody of the shares following Bankman-Fried’s arrest, and now, Robinhood bought them back.Dogecoin down todayYesterday's trading volume of $161.07 million shows that there is still significant interest in Dogecoin compared to other major cryptocurrencies. However, the 24-hour volume is down from highs of over $1 billion per day earlier this year, indicating more conservative sentiment recently. Over the past hour, Dogecoin declined 0.94%, continuing its broader pullback over the past month. Warren Buffett’s top 5 portfolio positions On September 4th, the coin price showed a neutral candle at this support, indicating the buyers are rejecting the supply pressure and preparing for another rebound. With a 0.76% intraday gain, the daily chart hints at the formation of a morning star candle pattern which is known as a reversal setup.
TRENDINGThis time, the asset in question is Dogecoin: a cryptocurrency (which was created as a joke in 2013) popular among Redditors and with Tesla (TSLA) CEO Elon Musk that surged to all-time highs this week. Top 3 dividend stocks to add to your portfolio in September Share This ArticleWhats happening with dogecoinFollowing a sharp $0.064 breakout rally, the DOGE price fails to surpass the 200 EMA in the 4-H chart. Leading to a double top reversal to plunge back below $0.64, Dogecoin price reattempts a bullish breakout. DOGE vs SHIB In Market Capitalization Right now, the trading volume for Dogecoin is moderate, which means the coin is still in the danger zone. A surge in trading volume is often the catalyst needed for a coin to break free from a crab market. Without this surge, even if Dogecoin breaks the 21-day EMA, it could easily slide back into sideways movement.
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