In this Dogecoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for DOGE-BTC. Sure, here are three sentences about Dogecoin (DOGE) cryptocurrency: Dogecoin is a peer-to-peer cryptocurrency that was created as a parody of Bitcoin but has since gained its own following and use cases. With a large community of supporters, Dogecoin has been used for charity donations and even sponsored a NASCAR driver. Its lighthearted approach to blockchain technology has made it a popular choice for those looking for a more accessible and fun cryptocurrency experience.
Dogecoin Price Overview:
As of October 03, 2023, Dogecoin is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for DOGE-BTC:
- 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.
|1D Change (%)||-0.88%|
|3D Change (%)||-3.03%|
|7D Change (%)||-3.03%|
|30D Change (%)||-7.82%|
|90D Change (%)||2.28%|
|YTD Change (%)||-47.17%|
Over the past three days, DOGEBTC has dropped by approximately -3.03%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.03%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DOGEBTC maintaining a downward trend of approximately -7.82%, despite intermittent fluctuations. Examining the last 90 days, DOGEBTC has witnessed substantial increase of approximately 2.28%, reflecting strong long-term confidence. Year-to-date, DOGEBTC has steadily depreciated by around -47.17%, 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 0.19108.
- Momentum score is -0.07819.
DOGE BTC Technical Analysis
Dogecoin Trading Volume:
The trading volume for Dogecoin (DOGE) over the past 24 hours has been insignificant, with approximately 8,999,589.00 BTC traded against DOGE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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 low zone, around 41.23098. This suggests that Dogecoin is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
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.