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DOGE Price Analysis: First resistance level crossed, chased almost second

  • The 24 hours trading volume for the token was 956,143,843 and the low of 14.02% was seen.
  • The token has shown the percentage gain in price by 2.32% since yesterday’s open.
  • The Harami bullish pattern was seen in the last one week.

The coin has been running below its 200 days moving average and running parallel with its 50 days moving average. The chart above shows the movement of SMA-20, SMA-50 and SMA-200 and RSI oscillator is also present. RSI for the last five hours shows the value of 56.070 and shows the buy action. MA-5, MA-10 and MA-20 show the same buy action but MA-200 shows the action of sell. SMA-20 is above SMA-50 but below SMA-200. Bull/Bear power is 0.0014 and it shows the buy action. The high for the month is 0.4468900 and low is 0.1642200. 

On average the token has provided returns of 18% in the month of June. The prices for the token had fallen on 22 June and so in nearby days it was the fine time to long it.

Volume/Market cap for the coin is 0.02983 and its market dominance is 2.23%. The token has a total address of 4,162,559 and in the last 24 hours no active address data is present. Its top 10 holders have less than 50% supply and more than top 20, 50 and 100 holders have more than 50% holdings. The supply side is slightly powerful for this token and can bear any upcoming crashes.

The DOGE-BTC pair is 0.000007047 and the low of 2.50% was seen whereas the DOGE-ETH pair is 0.0001089 and the low of 4.02% was marked in the last 24 hours. 

Conclusion: The days range for the coin is 0.241220 – 0.250390 and presently is at 0.247910. The token has been considered to be bullish since 22 June and the pattern till date is sideways. If you wish to buy the token then you can and if you have attained the expected returns then you can sell it. In the long run the token can provide some serious profits. DOGE is just a tweet away to go higher.

Technical Instruments:

Pivot: 0.247867

R-1: 0.248115

R-2: 0.248269

S-1: 0.247619

S-2: 0.247465

(Note- The unit is USD)