Dogecoin receives a strong long-term technical score of 76 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 76% 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
The current trading price of $0.140000000 for DOGE is -$0.0700000 (-33.10%) below the coins 100-day moving average of $0.210000000. DOGE meanwhile is $0.1300000 (-148912.54%) above its 52-week low of $0.010000000 and -$0.60000000 (-1336.97%) under its 52-week high price of $0.740000000. Dogecoin’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 76. The price movement and range of DOGE suggest that investors are neutral on the coin at this time.
Dogecoin has a total market value of $18,437,873,215.75 with an high average daily volume of $8,084,862,006.00 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DOGE’s volume is below its average with $1,172,191,631.92 exchanged in total.
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
Technical analysis of Dogecoin over the past year results in the crypto receiving a a strong long-term technical score of 76 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
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