DOGI
1. Fundamental Analysis
1.1 Introduce
The First DRC-20 token in history on the first memecoin.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DOGI | Market Cap | 12316500 |
| Name | DOGI | White Paper | -- |
| Web Site | https://doggy.market/dogi | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://dogechain.info/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000 | |
| Supply | 21000000 | Release Date | 2023-12-14 |
| Available Supply | 21000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart data suggests the following conclusions:
- The market has been experiencing significant volatility with price swings ranging from 0.4301 to 1.3965.
- There has been a general upward trend in prices over the observed period, with a notable increase from late November to early December.
- The market experienced a significant price drop from late December 2024 to early January 2025.
- The trading volume has varied widely, with a peak of 139,690.60 units on December 9, 2024, and a low of 15,082.65 units on January 2, 2025.
- The market has shown a tendency to close higher than it opened on several days, indicating bullish sentiment.
- The price has formed a series of higher highs and higher lows from December 2024 to early January 2025, suggesting an uptrend.
- There is a possibility of a correction or consolidation phase following the recent price drop in early January.
- The market may be approaching a potential resistance level around the 1.3585 - 1.3965 range, which was last seen in late December 2024.
- The volume on the day of the price drop (January 2, 2025) was significantly lower than the preceding days, which could indicate a potential trend reversal or continuation.
- The market may be in a consolidation phase, with a potential for a breakout either to the upside or downside in the near future.
