- Presently, the Dogecoin is fluctuating between the levels of$0.002500 and $0.003500.
- The small body candlesticks appear to describe the indecision between the buyers and sellers at the current market price.
DOGE/USD Medium-term trend: Ranging
- Resistance Levels: $0.003600, $0.003800, $0.004000
- Support levels: $0.003200, $0.003000, $0.002800
Yesterday, July 11, the price of DOGE was fluctuating below the EMAs. The 12-day EMA and the 26-day EMA were sloping horizontally indicating that price was in a range bound move. With the exception of the upper price level, neither the bulls nor the bears have broken out of the range bound zone. Presently, the Dogecoin is fluctuating between the levels of$0.002500 and $0.003500.
On June 26 and July 5, the bulls have broken out of the range-bound zone but the bears pulled back price into the range bound zone. However, the price of Dogecoin is likely to range a few more days because of the presence of small body candlestick. The small body candlesticks appear to describe the indecision between the buyers and sellers at the current market price. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
DOGE/USD Short-term Trend: Ranging
On the 1-hour chart, the price of DOGE is in a sideways trend zone. The 12-day EMA and the 26-day EMA was trending horizontally indicating a sideways trend. The crypto’s price is fluctuating below above the EMAs. The bears found support at the $0.0033500
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
Dogecoin Trades with Moderate Selling Pressure; Gains Support from Short-term MAs
- Dogecoin trades around $0.0022 price area; gains support from the short-term moving averages
- Dogecoin price takes a swift downturn trading from $0.0028 to falling at $0.0020 in a 30-day time frame
- Currently, the currency trades with a 10% growth when compared to the lowest in the said time frame
Dogecoin (DOGE) on HitBTC started the previous month trading with a slight glimpse of an uptrend. However, unable to hold it hit rock bottom after soaring to a height of 30-day high at $0.0028. Currently, it holds grounded support from the short-term moving averages with ultimate selling pressure.
Dogecoin Price Analysis:
Analyzing the 30-day movement of DOGE/USD, we see that the coin is currently trading at $0.002239, holding slight support from 5-day SMA and 10-day SMA and EMA. In the third trading week, the coin had quite a rapid fall due to inactive supports wherein even BTC price hit rock bottom around $6,600. After having dipped by over 2% from the respective highest and lowest in the discussed time frame, the coin is trading better but holds an inclination towards the lower price range.
Dogecoin holds a moderately bearish outlook at present, but a rapid movement above $0.0024 is a strong requirement for the coin to trade persistently above $0.0025 and $0.0027. This also corresponds to a trade beyond daily 100-day EMA and 50-day SMA followed by 200-day EMA.
The MACD of Dogecoin is running below zero at press time and holds a slightly bearish outlook.
While the RSI of the coin is at 41.13 and holds no extremities at present neither towards the overbought nor oversold region.
However, a strong move above the average price or $0.0025 price area will eliminate the solid selling pressure.
Dogecoin’s Downside Movement Remains Intact Despite Recent Price Recovery
Dogecoin (DOGE) price movement was spotted taking a deep dig yesterday. The coin dropped below the 30-day low and marked a low new one. However, Dogecoin’s price trend is marked improvement. There is a tight movement observed over $0.0022. The traders are eagerly waiting for an early upsurge. The same could take place if DOGE price maintains the momentum. As per yesterday’s statistics, the price was seen touching a high at $0.002369 and a low at $0.002128.
Dogecoin Price Prediction
Dogecoin is reflecting heavy price movement during yesterday. However, today, the currency is trading around $0.0022 mark. Yesterday, Dogecoin started at $0.00227812. The market pressure brought the coin to $0.002096 by 7.95%. Further, the price of DOGE escalated to $0.00235824 by 12.42%. Later the currency fell and touched $0.00224 by 6%. The day closed at $0.00228. The intraday movement in the coin brought a 0.52% progression. Today, Dogecoin started with a slight fall of 4%. The price counters moved from $0.002302 to $0.002209. The DOGE price escalated to $0.002348 by 6.30%. Recently, the price fell to $0.0022104 of 5.93%.
Dogecoin price is currently at $0.00222797. The price was escalating at the beginning of the day and reached to $0.0023. The currency couldn’t touch the immediate resistance level and fell. Now, the coin is moving towards the immediate support level at $0.00215. Dogecoin is speculated to give flourishing results in the coming days. The traders are suggested to go for long-term investment. The same would give the desired result for the traders.
Dogecoin (DOGE) Drops to $0.0021 Overnight; Declines by 8.98%
- Dogecoin price touches 30-days low
Dogecoin price is currently battling with the bear. There is a strong indicating that the price might fall and touch the 90-day low at $0.020 soon. The downtrend in the coin is tremendous. The same is anticipated to remain intact for the upcoming days. Yesterday, DOGE price was seen dealing at a high $0.002510 of and a low of $0.002298. The price has already dropped below yesterday’s low.
Dogecoin Price Prediction
Yesterday, Dogecoin started dealing at $0.002345. The price recovered in the later hours. The coin went up to $0.0024050. Further, the currency dropped to $0.002293 by 4.54% drop. The fall remained intact and took the value of DOGE to $0.002221 from $0.0024005 by 7.49%. The coin closed at $0.002193, which dropped from $0.002264 by 3.21%. The overall intraday regression was 6.58%. Today, Dogecoin’s price dropped from $0.002216 to $0.002096. Recently, the price is spotted, touching $0.0021350.
Dogecoin’s tremendous fall has disappointed many traders. The coin is popularly known for its stable move under extreme pressure. This would be one in the few times when the coin has reflected a huge fall.
The current price of Dogecoin is at $0.002135. The coin is speculated to fall below the major level at $0.00206. The traders are highly recommended to hold their investment for now as this is not considered as the best time for investment.