- DOGE price recovering is a sign of relief for respected investors, still the bulls need to buckle up.
- Activul cripto se mișcă sub media zilnică de 20, 50, 100 și 200.
- The DOGE/BTC pair is at 0.000003169 with a gain of 2.13% in it.
Dogecoin is a p2p open source cryptocurrency. It is considered as an altcoin and almost sarcastic meme coin. While it was created seemingly as a joke, Dogecoin’s blockchain still has merit. It has an image of a shiba inu dog as its logo.
DOGE after a fall has managed to accumulate bulls and the price has started recovering over the daily chart. The price is moving at an uptrend but is still flattering as the bears are continuously obstructing the way. The meme cryptocurrency needs to attract buyers as this recovery is not enough. The coin is moving significantly above the exponential moving average and the price gained 38.6% in 7 days. The bulls need to speed up the recovery for the coin to sustain in the market as it is moving very low from all time high.
The current price for one Dogecoin is trading at $0.066 with a gain of 6.23% in its market capitalization in the last 24 hrs. The coi has a trading volume of 528 million with a gain of 25% in the 24 hrs trading session and a market cap of 8.7 billion. The volume market cap ratio is 0.05958.
Analiza pe termen scurt
On analyzing the graph for a short term (4 hrs) we can observe the same uptrend but this time with a good inclination. If the phase continues the coin may recover soon, along with this the investors should be ready for the bears’ backfire. Technical indicators like MACD indicate for a bullish run ahead but the signal appears weak as indicated by the histograms. The relative strength index shows the increasing buying pressure which is pumping the price. The RSI value for DOGE is above 60 currently.
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Concluzie
DOGE after a fall has managed to accumulate bulls and the price has started recovering ove the daily chart.The meme cryptocurrency needs to attract buyers as this recovery is not enough. The price is moving significantly above the exponential moving average. While the hourly graph shows the enhanced uptrend along with the support of technical indicators.
Niveluri tehnice
Niveluri de rezistență: 0.070 USD și 0.077 USD
Niveluri de asistență: 0.058 USD și 0.049 USD
Declinare a responsabilităţii
Părerile și opiniile exprimate de autor sau de orice persoană numită în acest articol sunt doar pentru idei informative și nu stabilesc sfatul financiar, de investiții sau de altă natură. Investiția în sau tranzacționarea activelor cripto implică un risc de pierdere financiară.
Source: https://www.thecoinrepublic.com/2022/06/26/dogecoin-price-analysis-winds-of-recovery-sign-of-relief-for-doge-investors/