Home Market News Crypto Dogecoin Jumps Up 35% after Being Listed on Binance

Dogecoin Jumps Up 35% after Being Listed on Binance

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The announcement that Dogecoin will be listed in Binance has put this coin up 35% in a 15-minute price spike. Right now it is consolidating at about 0.0041 USDT.

Binance will list Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX and DOGE/USDC trading pairs at 2019/07/05 12:00 PM (UTC). Users can now start depositing DOGE in preparation for trading.



 The daily chart of Dogecoin/usdt shows the pair was moving on a wide pennant after a large upward movement it did last April. If we look at the lower trendline of the triangle we see that has more bullish bias than the one pictured by the previous trend coming the bottom in February 2019.

This movement confirms the bullish bias, but, there is the need of a consolidating area before committing to a long position, due to the large risk from the current price to the base of the triangular formation.

 

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