DOGE USDT Dogecoin Technical Analysis

Photo of author

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-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 May 20, 2024, Dogecoin is trading at approximately 0.15158 USDT. Let’s dive into the detailed price action for DOGE-USDT:

Unveil Dogecoin’s (DOGEUSDT) positive future at 1.52e-01 USDT through technical analysis, showcasing bullish trends, robust support, and promising indicators.

Metric Value
Open (O) 0.14908
High (H) 0.15335
Low (L) 0.14767
Close (C) 0.15158
Volume (C) 428,019,969.00
  • Open (O): The opening price for today’s trading session was approximately 0.14908 USDT.
  • High (H): Dogecoin reached a daily high of around 0.15335 USDT.
  • Low (L): The daily low for DOGE-USDT was approximately 0.14767 USDT.
  • Close (C): At the time of analysis, Dogecoin is trading near its daily close of 0.15158 USDT.
Metric Value
1D Change (%) 1.68%
3D Change (%) -2.55%
7D Change (%) 1.98%
30D Change (%) -6.78%
90D Change (%) 75.95%
YTD Change (%) 69.25%

Over the past three days, DOGEUSDT has dropped by approximately -2.55%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DOGEUSDT maintaining a downward trend of approximately -6.78%, despite intermittent fluctuations. Examining the last 90 days, DOGEUSDT has witnessed substantial increase of approximately 75.95%, reflecting strong long-term confidence. Year-to-date, DOGEUSDT has steadily appreciated by around 69.25%, 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 0.7902.
  • Momentum score is 0.0569.

DOGE USDT Technical Analysis

Dogecoin Trading Volume:

The trading volume for Dogecoin (DOGE) over the past 24 hours has been insignificant, with approximately 428,019,969.00 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 neutral zone, around 49.86939. This suggests that Dogecoin is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Unveil Dogecoin’s (DOGEUSDT) positive future at 1.52e-01 USDT through technical analysis, showcasing bullish trends, robust support, and promising indicators.

Discover even more by checking out our comprehensive analysis on DOGE BTC Dogecoin Technical Analysis — a perfect follow-up if you enjoyed 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.

You have not selected any currencies to display