Dogecoin is a meme-cryptocurrency that was invented in 2013 as an instant, fun, and low-cost digital payments system. In the past 12 months, Tesla CEO Elon Musk’s positive outlook on DOGE crypto led to a massive rally in the Dogecoin market. His recent tweet stating that “Dogecoin is money” is expected to positively impact the Dogecoin market, which had plummeted earlier this month. Let us look at the technical analysis for DOGE.
Varasem esinemine
On Jul 20, 2021, DOGE opened at $0.174. On Jul 26, 2021, DOGE closed at $0.204. Thus, viimase nädala jooksul, the DOGE price has increased by roughly 17%. In the last 24 hours, DOGE has traded between $0.195-$0.233.
Päev ette ja homme
Currently, DOGE is trading at $0.197. The price has decreased from the day’s opening price of $0.204. Thus, the market seems bearish.
. MACD ja signaaliliinid are turning positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is turning bullish. Hence, we can expect the price to start rising.
Praegu on RSI indikaator is at 54%. It faced rejection at 47% and rose to the current level. Hence, buying pressures are mounting. High buying activity will exert upward pressure on the DOGE price.
Kuid OBV indikaator on allapoole kaldu. Seega on müügimahud suuremad kui ostumahud. Seetõttu võib hind veelgi langeda.
Lühidalt, MACD ja RSI indikaatorid have given positive signals, while the OBV indicator has given negative signals. Thus, we have to wait and watch if the bearish trend continues or a trend reversal occurs.
DOGE tehniline analüüs
Praegu on hind allpool esimene Fibonacci pöördetugi tase 0.196 dollarist. Hind võib peagi selle ületada ja veelgi kõrgemale tõusta Fibonacci pöördepunkt of $0.211. After that, we have to wait and watch if the price increases further or decreases again.
Hind võib peagi testida ja rikkuda 23.6% FIB tagantjärele jõudmise tase 0.204 dollarit. See võib veelgi välja murda 38.2% FIB tagantjärele jõudmise tase of $0.209 as well. If by day end, the price retests and falls below these levels, the bearish market momentum is strong enough to sustain till tomorrow.
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