dogecoin Price analysis shows consistently bearish sentiment for the second day after falling from $0.1119. However, near the end of the day, it has shown some recovery after touching local support in the $0.0980s. For now, DOGE/USD continues to consolidate between $0.1027 and $0.0980.
The crypto heat map is ethereum and Bitcoin (two major coins) are currently in the green, registering gains of 0.87% and 0.46% respectively. Dogecoin, on the other hand, is currently in the red zone along with Litecoin and several other altcoins such as Litecoin. Cardano.
1 day basis dogecoin price In the analysis chart above, DOGE/USD is headed further down as the MACD histogram loses its positive energy. Momentum is poised to change and the bears are slowly winning this ongoing tug of war, so his next 24 hours will be more bearish for Dogecoin.
Dogecoin 24 Hour Price Analysis
Over the past 24 hours, Dogecoin has set local highs of $0.1028 and lows of $0.0980. Expanding, there is not much volatility in the current market, but the overall trend is downward. So, in the big picture, Dogecoin is still flat.
Based on 24-hour data, Dogecoin’s overall market capitalization fell by 1.21% and trading volume fell by 49%. Therefore, the overall 24 volume / market capitalization ratio is 0.0402 and the market rank remains at 8.
4-Hour Dogecoin Price Analysis: DOGE/USD Finds Local Support at $0.0980
A 4-hour Dogecoin price analysis chart shows that DOGE/USD has recently found local support near $0.0980. After this, we saw a noticeable jump in the slope of the RSI line and the MACD histogram also started to improve. However, this modest recovery is not enough to tell if Dogecoin will go higher in the next 24 hours. Local support should be tested at least one more time. For now, the market remains as uncertain as it started today.
Dogecoin Price Analysis: Conclusion
Dogecoin’s price analysis is fraught with uncertainty today. Most of the time DOGE/USD is adjusted sideways. However, a four-hour Dogecoin price analysis shows little improvement and recovery near the end of the day. For now, it’s best not to invest for short-term gain.However, long-term investors may want to read more Dogecoin Price Prediction before investing.
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