Dogecoin (DOGE) Trades in the Midrange with a Slight Bullish Crossover

  • Dogecoin currently trades at $0.00258, with a slight bullish crossover
  • Within the past 1 month, DOGE has traded in the price range of $0.00230–$0.00310

Dogecoin Price Analysis

Analyzing the 4-hourly movement of DOGE/USD on the exchange of Bittrex over the past 1 month, we see that the coin was trading at $0.00272 initially. With a snowball slide in the same trading week, Dogecoin price slid by over 15% to trade at $0.00230.

However, the green up trending candle formation immediately led the coin to trade at the highest price in the mentioned time frame at $0.00310. This was an exceptional 34.7% growth within just no time to temporarily mount.

Dogecoin PriceThe price trend was then followed by a downtrend, wherein the price of the coin slid to $0.0024 at the onset of November 2019. After having made a constant attempt to rise, DOGE price went as high as $0.00292. And, since then, it is on a continual downswing thereafter. Apparently, by going through this analysis, you will get an idea about the DOGE predictions.

Dogecoin currently trades with solid selling pressure as it slid down rapidly from trading around $0.0029. Also, holds no support from either the short-term or long-term moving averages.

Technical Indicators

The MACD of Dogecoin is below zero but holds a slight bullish crossover as the price trend holds the green candle formation.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button