- The Dogecoin price is neutral, around 0.4%, during the intraday trading session.
- The 24-hour trading volume is at $687 million.
- DOGE/BTC pair is trading neutral by -0.3% at 0.00000465 BTC.
Daily technical chart and price trend of Dogecoin show a bearish trend. Based on the pivot level, the first support zone is 0.16 USDT. From another perspective, if it rushes, the resistance level to watch is 0.28 USDT. Thus, the graph made a Doji star candle pattern during the day, and the cost is relied upon to remain sideways with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost moves below the red ribbon and 200-EMA, so it will guarantee a downswing in Dogecoin until it’s below the ribbon.
Trading volume (99.423 M) is underneath the 20-day moving average (856.274 M). To put it plainly, the volume is low, making the cost move towards the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Schaff Trend Cycle indicator (bearish) with a 0 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a green buy signal and a downward slope in the index.
Dogecoin Price Trend Seems Bearish Until The Cycle Flips
Dogecoin is priced at $0.204166 today and has a 24-hour trading volume of $687,040,050. DOGE prices have risen 0.4% in the last 24 hours. It has a circulation of 130 billion Dogecoins and a total amount of ∞. The STC points to a selling signal, and the traders have prompted low volume. In fact, the cost gradually moves towards the support levels. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $0.28
Support Level: $0.16