DOGE BTC Dogecoin Technical Analysis

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By Frans van Elst

Dogecoin logo In this Dogecoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for DOGE-BTC. Dogecoin is a popular peer-to-peer cryptocurrency that was created as a parody of Bitcoin. It has gained a large following and community support due to its lighthearted approach to blockchain technology and its use in charitable initiatives. Dogecoin’s decentralized nature allows for fast and secure transactions, making it an attractive option for those looking for a more accessible cryptocurrency experience.

Dogecoin Price Overview:

As of April 15, 2024, Dogecoin is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for DOGE-BTC:

Navigate Dogecoin’s (DOGEBTC) potential downturns at 2.39e-06 BTC with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 93,116,264.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): Dogecoin reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for DOGE-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, Dogecoin is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -3.24%
3D Change (%) -7.72%
7D Change (%) -15.55%
30D Change (%) 9.63%
90D Change (%) 26.46%
YTD Change (%) 12.74%

Over the past three days, DOGEBTC has decreased by approximately -7.72%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -15.55%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DOGEBTC maintaining an upward trend of approximately 9.63%, despite intermittent fluctuations. Examining the last 90 days, DOGEBTC has witnessed substantial rise of approximately 26.46%, reflecting strong long-term confidence. Year-to-date, DOGEBTC has steadily increased by around 12.74%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Dogecoin Live Chart:

You can access a live price chart for DOGE-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.87038.
  • Momentum score is -0.044.

DOGE BTC Technical Analysis

Dogecoin Trading Volume:

The trading volume for Dogecoin (DOGE) over the past 24 hours has been insignificant, with approximately 93,116,264.00 BTC traded against DOGE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): DOGE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Dogecoin is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for DOGE-BTC is currently in the neutral zone, around 49.23835. This suggests that Dogecoin is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Dogecoin (DOGE-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Navigate Dogecoin’s (DOGEBTC) potential downturns at 2.39e-06 BTC with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Unlock additional insights on DOGE USDT Dogecoin Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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