In this Dogecoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for DOGE-USDT. Dogecoin is a popular peer-to-peer cryptocurrency that was created as a parody of the wildly successful 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, secure, and low-cost transactions, making it an attractive option for those looking for an alternative to traditional payment methods.
Dogecoin Price Overview:
As of July 06, 2024, Dogecoin is trading at approximately 0.10882 USDT. Let’s dive into the detailed price action for DOGE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.10548 |
| High (H) | 0.1098 |
| Low (L) | 0.10468 |
| Close (C) | 0.10882 |
| Volume (C) | 662,236,836.00 |
- Open (O): The opening price for today’s trading session was approximately 0.10548 USDT.
- High (H): Dogecoin reached a daily high of around 0.1098 USDT.
- Low (L): The daily low for DOGE-USDT was approximately 0.10468 USDT.
- Close (C): At the time of analysis, Dogecoin is trading near its daily close of 0.10882 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.18% |
| 3D Change (%) | -8.16% |
| 7D Change (%) | -10.73% |
| 30D Change (%) | -32.06% |
| 90D Change (%) | -45.28% |
| YTD Change (%) | 21.51% |
Over the past three days, DOGEUSDT has dropped by approximately -8.16%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -10.73%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DOGEUSDT maintaining a downward trend of approximately -32.06%, despite intermittent fluctuations. Examining the last 90 days, DOGEUSDT has witnessed substantial fall of approximately -45.28%, reflecting strong long-term confidence. Year-to-date, DOGEUSDT has steadily increased by around 21.51%, 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-USDT 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 0.61053.
- Momentum score is -0.20436.
DOGE USDT Technical Analysis
Dogecoin Trading Volume:
The trading volume for Dogecoin (DOGE) over the past 24 hours has been insignificant, with approximately 662,236,836.00 USDT 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-USDT is currently in the low zone, around 39.15139. This suggests that Dogecoin is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Dogecoin (DOGE-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Anticipate potential setbacks for Dogecoin (DOGEUSDT) at 1.09e-01 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Dive into the details with our in-depth analysis on DOGE BTC Dogecoin Technical Analysis; you won’t want to miss it if you found this post interesting.
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.