Dogecoin Shows Strength Compared To Bitcoin And Ethereum, Looks To Confirm New Trend

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Benzinga

Dogecoin (CRYPTO: DOGE) was popping up about 3% on Tuesday, attempting to break up from a double inside bar pattern on the daily chart. The Shiba Inu-themed crypto was showing strength compared to Bitcoin and Ethereum, which were trading slightly lower in consolidation following bullish days on Monday. If the crypto can break up from the mother bar, which was formed on July 1, Dogecoin will confirm a new uptrend. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control while the intermittent high…

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