Today’s price analysis on Dogecoin indicates a bullish trend. Over the past few weeks, the price has undergone devaluation but yesterday’s DOGE/USD market shows and a bullish momentum as they will be a positive increase in the buying activity and a notable change in the price.
DOGE/USD negotiate the first resistance of $1.99 towards the resistance of $0.209. Over the last 24 hours, DOGE/USD obtained a value of a little less than two percent but was still rejected around 9% when the coin value was properly noticed over the last seven days.
DOGE/USD 1-day price
According to Dogecoin 1-day price chart analysis shows that the price levels have gained momentum in the lower price envelope present momentum is providing significant support to the cryptocurrency value.
Today, the DOGE/USD pair traded between the range of $0.197 to $0.204.
For the cryptocurrency as the Bollinger bands are moving apart, with the upper band being at the $0.25 mark and the lower band being at the $0.18 mark.
The Bollinger bands price level is at the $0.222 mark due to the downtrend. In the coming day’s indicator’s expansion might bring some opportunities for DOGE/USD.
The MACD indicator is still bearish; as can be seen, the histogram color is still red, but the shade is lighter. throughout the month of September DOGE/USD noticed a downtrend except for the very first few days.
Dogecoin price analysis
The Dogecoin 4-hour price chart analysis shows an increase in price every hour as bulls are in the lead. As the price went as high as near the upper limit of the Bollinger bands, the moving average (MA) and the Bollinger bands average.
But as can be seen in the 4-hour chart, the selling pressure is quite high at the present price level, and bears might make a come back in the coming hours as the RSI has also started flattening out after entering the upper half of the neutral zone which indicates the selling pressure kicking in.
Due to the bearish trend of DOGE/USD, we acept the Hull moving average. The oscillator indicators are mostly impartial with some inclination towards the buying option, as the buying option are been favored by the Momentum oscillator.
Dogecoin price conclusion
In the next 24 hours, Dogecoin price analysis reveals the bullish price action as the price is moving in a very narrow channel, and we expect it to trade in the range of $0.192 to $0.202. In the coming hours, we expect that the price will reduce again.
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