{"id":35746,"date":"2022-12-30T10:18:40","date_gmt":"2022-12-30T10:18:40","guid":{"rendered":"https:\/\/lydian.io\/?p=35746"},"modified":"2022-12-30T10:18:40","modified_gmt":"2022-12-30T10:18:40","slug":"dogecoin-price-surges-150-in-4-days-but-doge-is-the-most-overbought-since-april-2021","status":"publish","type":"post","link":"https:\/\/lydian.io\/dogecoin-price-surges-150-in-4-days-but-doge-is-the-most-overbought-since-april-2021\/","title":{"rendered":"Dogecoin price surges 150% in 4 days, but DOGE is the most overbought since April 2021.","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
<\/p>\n
Dogecoin (DOGE) value rally prolonged on Oct. 29 on hopes that the cryptocurrency would get a giant increase from Elon Musk's Twitter acquisition.<\/p>\n
Dogecoin value surged almost 75% to hit $0.146 on Oct 29, its greatest one-day achieve since April 2021. <\/p>\n
DOGE\/USD day by day chart. Supply: TradingView<\/p>\n
Notably, the meme coin's huge intraday rally got here as a part of a broader uptrend that started earlier this week on Oct. 25. Total, DOGE's value elevated by 150% in the course of the value rally on Oct. 25-29.<\/p>\n
The rise was additionally accompanied by a good enhance in day by day buying and selling quantity. In accordance with Santiment, this coincided with a rise within the variety of DOGE transactions of over $100,000. Each indicators level to rising demand for Dogecoin tokens from rich traders, or so-called \u201cwhales.\u201d<\/p>\n
Variety of Dogecoin Wale transactions. Supply: Santiment<\/p>\n
The leap above Dogecoin's key metrics displays investor pleasure over Elon Musk's Twitter acquisition on Oct. 27. Earlier this yr, the billionaire entrepreneur flirted with the thought of \u200b\u200bmaking Dogecoin a cost technique to buy Twitter Blue subscriptions.<\/p>\n
Musk's Tesla and SpaceX are already accepting DOGE funds for his or her items.<\/p>\n
$DOGE<\/a>the official foreign money of Twitter.<\/p>\n