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DOGE coin Price Analysis: Could we expect a bounce back from $0.900?

Dogecoin
  • DOGE has recently formed blocks in numbers of 3,838,835 with the hash rate of 226.72(TH/s)
  • The coin has shown yearly change of 5978.99%
  • RSI for DOGE shows the SELL action.
tradingview

 

The token has been forming the pattern of three falling methods. DOGE sank by 3.66% on Tuesday. Following a 2.64% gain on Monday, DOGE ended the day at 0.2036. The last known price of this coin is 0.19780. 

A mixed start for the day saw DOGE fall to an early morning intraday low of $0.1975 (Till time) and it is expected to sink more and mark an intraday low.

It has the current trading volume(s) of 1,188,278,023 with a loss of 16.01% over the last 24 hours. The trading volume has gone through a 4% change in it since yesterday. 

DOGE has the addresses of 4,219,328 holders with the active address(es) not mentioned. The circulating supply of tokens is 130,693,983,424 DOGE coins and the max. supply is not available

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of DOGE where 20 SMA have been running in between SMA-200 and SMA-50. We see the token with respect to SMA’s which are 20, 50 and 200. We see that all the three SMA’s are stuck to a level of 0.209. Such situations result in a hike in price.  

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 25.755 and marks the sell action. MA-5 and MA-10 show the sell action and even MA-20 and MA-100 show the sell action. However, the DOGE at present is all set to buy.

The bull/bear power has the value of -0.0092 and shows the sell action. The high/low marks the sell action with the value of -0.00056.

The DOGE-BTC pair is trailing at the level of 0.000005179 and the gain of 0.16% was seen whereas the DOGE-ETH pair is at 0.00007985 and the low of 0.55% was seen in the last 24 hours. The volume/market cap of the token is 0.04596 and its market dominance is 1.66%.

Conclusion: 

All the three SMA’s are placed at a single point and such conditions represent that profits might come in the coming time. So, if one wants to enter DOGE then long now. However, the token do not show a hike early but it is expected to show anytime in near future.

The days range for the coin is 0.19578-0.20998 and presently is at0.19764. The 24 hours high and low of the coin is 0.214 and 0.19 respectively.

The DOGE ATH is 0.7376 and ATL is 0.00008547. 

DOGE ROI (approximate return on investment if purchased at the time of launch) is 37176.05%. This is just an assumption. Long the token by the decision of your own thoughts.

Technical Instruments:

Pivot: 0.199

R-1: 0.200

R-2: 0.201

S-1: 0.198

S-2: 0.197

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour