Should you ditch Dogecoin for ICP? Here’s what the market is telling you

ICP outperformed DOGE last week with the former rising by over 50%. DOGE only managed to rise by 30% in the same period.The double-digit rally in the values of both altcoins mirrors the general market growth witnessed in the last week. According toAMBCrypto’s assessment of ICP and DOGE’s price movements on a 24-hour chart revealed the possibility of further price gains.

When an asset’s Aroon Up Line returns a value close to 100, it indicates that the current market uptrend is strong and that the most recent high was reached relatively recently. When these trend lines are positioned this way, the buying pressure in the market is significantly higher than the selling pressure. It also indicates a strong uptrend in the price of the asset.

At press time, the token’s Money Flow Index trended upward and returned a value of 80.36, indicating that the price rally was backed by real demand. This showed that market participants favored ICP accumulation over selling their holdings for profit.Regarding meme coin DOGE, readings from some of its key technical indicators revealed that it followed a similar trend and was poised to extend its gains.

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