The price of DOGE recently witnessed a significant surge, and witnessed an upswing by more than 150%. As seen on the daily timeframe price chart of the token from Tradingview, this resulted in a substantial amount of buy pressure. This in turn prompted the price to increase further. However, other measures suggested that this trend […]
MVRV depicts profit, but there is a catch
This might be categorized as a parabolic move because there was no significant event other than speculations. A parabolic move, either upward or downward, is usually considered unusual in a price move. Furthermore, a reversal almost always happens after such a move.
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