fbpx
Price Analysis

Dogecoin Price (DOGE) Moves With Trivial and Steady Change

  • Dogecoin has traded as low as $0.0023 in the past 7 days.
  • DOGE trades in the range of $0.0024 to $0.0026 to a major extent since past 4 days.
  • Dogecoin doesn’t seem to have been affected by the crypto market dip in the previous week, other than only one instance where it touched $0.0023 on 29th August.

Dogecoin is believed to have a concurrent movement with Bitcoin. But this time it did sound as such when the whole crypto market was in a brutal phase in the last week, Dogecoin was around the usual trading price range only. Rather the market cap has also been on a spike, other than just one day i.e. 29th August when the price rolled to $0.0023.

DOGE to USD Price Chart by TradingView:

The below Dogecoin price chart is a data feed from HITBTC as on 3rd September at 07:06 UTC.

Dogecoin (DOGE) Price
DOGE Price Chart by TradingView

Dogecoin has been majorly trading in the range of $0.0024 to $0.0026 and the past 24-hour trading duration was just another prototype in the same range. The coin was rightly trading around $0.002484 in the initial hours of the day. Just when Bitcoin hit above $10,000 yesterday, around the same hour of the day, Dogecoin value surged by 5.55% to the trading price of $0.002622.

While today the coin opened with a slight downtrend, where two of the red candles took the coin to trade at $0.002493. At the time of penning down, DOGE price climbed slightly and was trading at $0.002560 gaining a rooted support from the short-term moving averages.

Technical Indicators:

Irrespective of how the trend of Bitcoin is moving at present, Dogecoin still trades with a solid selling pressure but is rightly gaining support from the until the 3-week SMA which is around $0.0025.

However, the current trading price is 2.4% higher and 4.47% lower from its respective 10-day SMA ($0.00250) and 5-day EMA ($0.00250) together and 30-day SMA ($0.00268).

The MACD of the coin ranges below zero with a bearish outlook as the signal line crosses the MACD line along with RSI at 50 manifesting no overbought or oversold extremities.

Tags
Show More

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

Related Articles

Back to top button