DOGE Price Analysis: Tops three months high at $0.2838

• DOGE has been used on Reddit and Twitter as a trippins system to reward creation or sharing quality content.
• Doge top 10, 20 and 50, 100 holders have more than 60% holdings.
• RSI for DOGE (for today) shows the BUY action.

DOGE coin is entertained by the external market at present which was facing a tough time 2 days back pushing past an important ceiling that has acted as a rigid breaker in its growth. 

However, crossing the past barriers, Doge has crossed the path of the barrier and has shown the explosive upswing.  Compared to other coins, Doge demand is immensely high.

The token has formed the pattern of doji star bearish. 

The token’s price slipped through the $0.1990 support level on 1 August and turned it into a resistance level. Since this point Doge has tried climbing multiple times and faced negative response every time.

 At the time when other altcoins were seeing major rallies, this meme coin has been trying to gather the lack of momentum.

Considering the recent hike, a retracement to 0.2525 to 0.2000 would be visible.

DOGE rose by 8.20% on Saturday. Following a 5.59% gain from Friday, Doge ended the day at 0.2603. The last known price of this coin is 0.2585. A mixed start for the day saw DOGE rise to an early morning intraday high of $0.2838 before hitting reverse. 

The token fell to 0.31% after making the high of three months.(June, July and till August). 

DOGE seems to trail close to its then first support level, and might acquire support through it at $0.2704. 

The support level acted as a catalyst to DOGE day before yesterday and thus, the 24 hours high went to 0.2814. At the time of writing, DOGE was up by 20.81% to 0.2579.

It has the current trading volume(s) of 8,361,710,698 with a gain of 431.74% over the last 24 hours. DOGE has addresses of 179,025 holders with the active transfer(s) of 1,195,453 in the last 24 hours. 

The circulating supply of token is 130,771,840,468 DOGE coins and the max. supply is not available. The total supply (The amount of coins that have been already created, minus any coins that have been burned. 

It is analogous to the outstanding shares in the stock market.) is 130,771,840,468.

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of Doge where 200 DMA has been running below SMA-20 and SMA-50. SMA-50 is running below to SMA-20. 

It is SMA-20 which is  above SMA-50 and SMA-200. We see the token with respect to SMA’s which are 20, 50 and 200. Running of SMA-20 above the other two SMA’s results in profits to its holders. 

We see the gradual returns here, marked under the trendline. The returns are formed at the time of writing to 30% that is on the intraday session, if bought at 9.60.

The pattern formed on a 4 hours period chart is upwards and the trend line marked shows this upwards shifting.  

BUY or SELL?

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 64.499 and marks the buy action. 

All the MA’s show buy action except MA-5 which shows the sell action. MA-10, MA-20. Even MA-100 and MA-200 show the same buy action. 

The bull/bear power has the value of 0.0183 and shows the buy action. The high/low marks the buy action with the value of 0.0049.

The Doge-BTC pair is trailing at the level of 0.000005965 and the gain of 21.86% was seen whereas the Doge-ETH pair is at 0.0000848 and the high of 16.37% was seen in the last 24 hours. The volume/market cap of the token is 0.248 and its market dominance is 1.86%.

What does FIB suggest?

The candles forming now of coin moving beyond the golden ratio and are making a great hike in price. It is for the first time the token has been trailing above FIB 0.618. Hike is immensely high that the coin has touched FIB 1 in today’s intraday session.

Well, the token is all set to sell by their holders as the returns at present are very high.  

Conclusion: DOGE is moving on a steep path and the crypto holders are showing deep interest in it. Well, this would be a fine time to sell your DOGE holdings. However, the coin would go up a little more but waiting for such conditions might be risky.

The days range for the coin is 0.211290-0.283770. The DOGE ATH is 0.7376 and ATL is 0.00008547. 

DOGE ROI (approximate return on investment if purchased at the time of launch) is 46007.88%. 

Technical Instruments:

Pivot: 0.257303

R-1  : 0.260905

R-2  : 0.263131

S-1  : 0.253701

S-2  : 0.251475

FIB 0.618:  0.2830

FIB 1       : 0.2836 

Note:

• The unit is USD
• SMA-20: Green colour
• SMA-50: Red colour
• SMA-200: Blue colour