DOGE May Soon Break Out Despite Overall Market Negativity: Report

DOGE

DOGE, Bitcoin, BNB and LINK are candidates for a breakout in the present red market, according to recently published data

In a recently published tweet, the sentiment data aggregator stated that despite the overall negative sentiment from the crypto traders community, many coins of the leaders by market capitalization are set to break soon.

Santiment has tweeted that among the top 25 coins by market capitalization, there are four coins with particularly high FUD (fear, uncertainty, doubt) level, which may show that they may have a price surge soon – Dogecoin, Bitcoin, BNB Coin and Chainlink.

Over the past few days, there has been a 18% increase in the price of Dogecoin from the $0.0567 level to the $0.0671 level. Earlier today, however, DOGE lost some of its recent gains, trading at $0.0660 per coin. In the past, the main driver of DOGE value was Tesla CEO Elon Musk. This time, however, the price of the native meme token is rising without his tweet.

Data provided by IntoTheBlock analytics company shows that recently six new whales have joined the network, buying a staggering 640 million DOGE.

On September 18th, major cryptocurrency bitcoin again lost the $20,000 level, falling below the $18,500 line twice in the past week. During this, the Fed Reserve once again increased the interest rate by 75 basis points this year.

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