Dogecoin receives an average long-term technical score of 58 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
DOGE currently holds a superior long-term technical analysis score than 58% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
DOGE is currently -$0.0700000 (-29.98%) below its 100-day moving average price of $0.240000000 with its current price of $0.170000000. Meanwhile, Dogecoin is $0.1600000 (-343600.50%) above its 52-week low price of $0.000000000 and -$0.57000000 (-1333.42%) below its 52-week high of $0.740000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 58. Trends for the long-term trading history of Dogecoin suggest that traders are currently neutral on the coin.
Dogecoin has a market capitalization of 21,878,181,611.72 and a relatively high average daily volume with 5,242,244,807.69 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, DOGE’s volume is below its seven day average with 705,766,568.24 exchanged.
This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Summary
DOGE’s historical trading over the past year gives it a an average long-term technical score of 58 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
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