Dogecoin Daily: Price Moves Higher Early Morning, Key Event Coming Up On Sunday

Dogecoin DOGE/USD traded 1.7% higher at $0.07 over 24 hours in the early hours of Friday.

DOGE advanced alongside other major coins as the global cryptocurrency market cap rose 2% to $1.05 trillion.

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The DOGE Factors

• DOGE was among the most-mentioned coins on Twitter, according to Cointrendz data. The three most-mentioned coins were Bitcoin, Ethereum, and Litecoin.
• The 24-hour trading volume for DOGE fell 58.1% to $429.66 million, according to CoinMarketCap.
• Coinglass data showed that $889,500 worth of DOGE was liquidated over 24 hours, as the price of the meme coin rose.
• Dogecoin’s relative strength index was at 54.69 at press time. An asset with an RSI over 70 is considered overbought while an RSI of under 30 means it is oversold.

Expect Choppy Markets, Volatility Could Be Opportune

OANDA Senior Market Analyst Edward Moya expects the apex coin to remain choppy until the period beyond the next U.S. Federal Reserve policy meet next week. Cryptocurrency trader Michaël van de Poppe said that the summer relief rally is continuing and that there’s “enough volatility to make money.”

Robinhood Moves DOGE

Robinhood Markets Inc HOOD has moved all its DOGE into a single wallet over a series of transactions. The amount of DOGE moved amounts to 41 billion coins, priced at nearly $2.87 billion at current prices.

DOGE On The Web

Dogecoin-sponsored basketball team “Aliens” in the Big3 league are set to play their next game on Sunday at 1 p.m. ET. 

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