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Price Analysis

Dogecoin Inclines Below the Baseline; Trades Within the Range of $0.0023 to $0.0026

  • The coin continues to range-bound trade within $0.0023 to $0.0026.
  • DOGE/USD by Bittrex has candle formation, which is more inclined towards the lower side of the said range.
  • With a few trading instances upwards, Dogecoin price went as high as $0.0026.

Dogecoin is ranked at 29th position in the crypto market, which rightly points out the potential of the coin. DOGE/USD has strict range-bound trading since past 12 days now. With Bitcoin consolidating gains above $10,000 but below $10,500; Dogecoin is trading within the said range only. Although the week was quite a gainful one for most of the coins in the crypto market, this did not seem to have affected the price of Dogecoin.

DOGE to USD Price Chart by TradingView:

Dogecoin Price

Tracing the 30 minutes movement of the coin on Bittrex over the past 1-day, we see that the coin’s trend is much more inclined towards the lower range. Dogecoin was trading around $0.002594 in the initial hours of the day. Around midday, DOGE rose to $0.002615 corrected from $0.002354 by 11.08% within no time.

Today, Dogecoin price is more inclined in the lower range below $0.002498 for the major extent, until the time of penning down. However, the situation is no better and the coin is still encircled by the solid selling pressure just as the fore altcoin. Nevertheless, it is slightly rooted in the short-term moving averages.

DOGE Technical Indicators:

The current trading price of Dogecoin is supported by the 5-day SMA ($0.002477), 10-day EMA ($0.002478), and is notably below the 50-day SMA ($0.00272).

The MACD of the coin appears flat at present but, with a slight bullish crossover, while, RSI seems to have taken a flat route around 50.

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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.

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