![Dogecoin’s [DOGE] trading volume rallies by over 400%, thanks to…](https://i.headtopics.com/images/2022/10/5/cryptoamb/dogecoin-s-doge-trading-volume-rallies-by-over-400-dogecoin-s-doge-trading-volume-rallies-by-over-400-1577683832211382276.webp)
Dogecoin's [DOGE] trading volume rallies by over 400%, thanks to...
Data from
The sudden surge in price and trading volume was the most action DOGE witnessed in the last week, as per data from Santiment.On a daily chart, following the news of Elon’s offer, DOGE’s Money Flow Index continued on its uptrend to mark its spot in the overbought region. At press time, the MFI was 82.
Furthermore, the Relative Strength Index was positioned at 56.34 above the 50-neutral region at press time.On the other hand, a look at DOGE’s four-hour chart sent cautionary signals. Although still high, the positions of the MFI, CMF, and RSI showed sellers gradually returning to the market.
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