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 July 08, 2024, Dogecoin is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for DOGE-BTC:

Consider bearish sentiment in Dogecoin (DOGEBTC) at 1.90e-06 BTC with technical analysis, showcasing 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) 37,088,746.00
  • 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 (%) 1.60%
3D Change (%) 2.15%
7D Change (%) -3.06%
30D Change (%) -9.95%
90D Change (%) -30.40%
YTD Change (%) -10.38%

Over the past three days, DOGEBTC has experienced a notable surge of approximately 2.15%, indicating increased market volatility. In contrast, its performance over the last week was marked by a decline of around -3.06%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -9.95%. Looking further back at the last 90 days, DOGEBTC has witnessed a substantial fall of around -30.40%, reflecting a significant loss in long-term value. Year-to-date, DOGEBTC has steadily depreciated by approximately -10.38%.

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 0.43479.
  • Momentum score is -0.02062.

DOGE BTC Technical Analysis

Dogecoin Trading Volume:

The trading volume for Dogecoin (DOGE) over the past 24 hours has been significant, with approximately 37,088,746.00 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 low zone, around 42.50999. This suggests that Dogecoin is in bearish territory.

Analysis from TradingView:

Our Key Takeaways: Dogecoin (DOGE-BTC) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention from traders and investors. As they navigate this market, it’s crucial to keep a close eye on the BTC monthly resistance level and the BTC support level for potential trading opportunities. Furthermore, the low RSI reading and significant trading volume are warning signs indicating a possible downward trajectory.

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Consider bearish sentiment in Dogecoin (DOGEBTC) at 1.90e-06 BTC with technical analysis, showcasing weakened support and cautionary indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on DOGE USDT Dogecoin Technical Analysis if you found this post intriguing.

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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