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DOGE Price Analysis: Token has crossed its second resistance level at 0.241396

  • The 24 hours trading volume for the coin is 2,438,279,193 and the gain by 35.78% is seen.
  • The percentage gain by 0.23 is seen since yesterday’s open.
  • The RSI oscillator shows SELL.
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The DOGE token is running well below its 200 days moving average and the inflow movement of 20 DMA and 50 DMA is seen. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. RSI oscillator is also present. RSI for the last 5 hours shows the value of 42.538 and the action is SELL. MA-5, MA-10 and MA-20 show the same SELL action. Bull/Bear power shows the value of -0.0061 and marks the sell action.

The total address for the token is 4,148,627. However there has been no data for the total active addresses in the last 24 hours. Its top 10 holders have less than 50% holdings whereas its top 20, 50 and 100 holders have holdings above 50%.

The returns on an average for the month of June is 12% every 5 days.

The DOGE-BTC pair is trailing at the level of 0.000007268 and the gain of 0.87% is seen whereas the DOGE-ETH pair is at 0.0001174 and the gain of 1.18% is marked in the last 24 hours. 

The days range for the token is 0.238240 – 0.261400 and presently running at 0.241800. Volume/Market cap of the token is 0.07755 and its market dominance is 2.32%.

Reasonable Returns if purchased on the level marked.  

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Chart-2

Conclusion: The token was valuable to sell if it was purchased at the level marked on the chart that is between 0.18670336 to 0.2181886 (As shown in chart-2). This token is very volatile and has created its own market. The tweets everytime result in a hike in price. The price is decreasing consistently and the market set for this token is bearish. 

Technical Instruments:

Pivot: 0.240080

R-1: 0.240894

R-2: 0.241396

S-1: 0.239266

S-2: 0.238764

(Note- The unit is USD)