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DOGE Rises for a Third Consecutive Day, with SHIB also on the Move
Abstract：DOGE saw a third consecutive day of solid gains, with the addition of DOGE to the Bitcoin ATM offering continuing to deliver support on Thursday.
Key Insights:
It was another bullish session for DOGE and SHIB on Thursday.
Continued market reaction to DOGEs inclusion in Bitcoin ATMs delivered another DOGE breakout day.
Key technical indicators are bullish, with DOGE and SHIB breaking out from their 200-day EMAs.
It was a bullish day for DOGE and SHIB on Thursday. Bullish sentiment across the broader crypto market delivered support.
Following a 6.04% rally on Wednesday, DOGE rose by 5.31% to end the day at $0.1368. SHIB followed a 3.96% gain on Wednesday, with a 1.48% rise to end the day at $0.00002475.
Elsewhere, SOL led the way, rallying by 7.90%.
ADA (+2.08%), AVAX (+1.72%), BNB (+1.42%), ETH (+2.42%), and XRP (+0.59%) trailed the front runners, while LUNA fell by 1.58%.
Crypto Market Risk Sentiment Delivers Solid Gains
On Thursday, broader investor appetite for cryptos delivered support to DOGE and SHIB.
For Dogecoin, news of Bitcoin of America adding Dogecoin to its Bitcoin ATMs (BTMs) continued to provide support.
BTMs are not only cash dispensers but also support the buying of crypto with fiat and the selling of crypto for fiat.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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