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Dogecoin (DOGE) has a Neutral Sentiment Score, is Rising, and Outperforming the Crypto Market Wednesday: What's Next?

Wednesday, August 03, 2022 11:48 AM | InvestorsObserver Analysts
Dogecoin (DOGE) has a Neutral Sentiment Score, is Rising, and Outperforming the Crypto Market Wednesday: What's Next?

Dogecoin (DOGE) gets a neutral rating from InvestorsObserver Wednesday. The coin is up 1.07% to $0.0679535601 while the broader crypto market is up 1.81%.

Sentiment Score - ,
Dogecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Dogecoin!

Neutral

Over the last five days, Dogecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Dogecoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Dogecoin is currently trading near its midpoint for the past five-days. The coin is 8.06% off its five-day high and is 3.70% higher than its five-day low of $0.0655272378052348.

Dogecoin price is comfortably positioned between support and resistance. With support set around $0.0657279757724778 and resistance at $0.0688146693573968, has some room to run before facing resistance.

Dogecoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Dogecoin

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