Cryptocurrency on the theme of dogs DOGECOIN (DOGE) A exceeded $ 2 billion in negotiation volume in the last 24 hours. According to CoinmarketCap dataThe 24 -hour trading volume of Dogecoin reached $ 2.2 billion, an increase of 32% within this period.
After three days of decline extending from Tuesday to Thursday, Dogecoin saw a sudden increase. At the time of writing the editorial staff, Dogecoin had rebounded slightly and was in the daily green, up 1.84% in the last 24 hours to $ 0.26.
The increase in volume occurs while traders flock when the markets recovered after falling earlier in the day.
This follows the most recent employment data, which showed that the number of new non -agricultural wages in January was 143,000, lower than that planned for 169,000, and the lowest since October of last year. In January, the unemployment rate was 4%, as expected, and it was previously 4.1%.
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The markets responded to the report, the cryptocurrency market bouncing somewhat. The federal reserve officials carefully monitor the figures because they consider their next monetary policy measures. The Fed has dropped its reference rate from a complete percentage point at the end of 2024, but political decision -makers recently pleaded for a more cautious approach because they consider political implications.
Dogecoin price
The sale of Dogine continued after Mediating prices fell below $ 0.30 on February 2. On February 3, the price fell to $ 0.20, which prompted buyers to enter the market before the decline.
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After three consecutive days of falls having struck stockings of $ 0.242 during the session on Thursday, Dogecoin was slightly rebounded, reaching an intraday of $ 0.261 Friday.
However, the Dogecoin rescue rally could be capped by selling $ 0.30. If the price falls from its current levels, Bears can try to generate the Dogecone price of less than $ 0.20.
On the other hand, a break and a closure above $ 0.30 would indicate that the bears had abandoned. This will indicate that a background can be in place. In this case, Dogecoin can try to unravel the daily SMA 50 to 0.33 $ before extending the move to $ 0.434.