Dogecoin (DOGE): How Does it Rank Tuesday on Long-Term Trading Metrics?
Tuesday, February 22, 2022 10:36 AM | InvestorsObserver Analysts
InvestorsObserver gives Dogecoin an average long-term technical score of 55 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders.
DOGE at this time has a superior long-term technical analysis score than 55% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
InvestorsObserver is giving Dogecoin a 55 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!
The current trading price of $0.130000000 for DOGE is -$0.0400000 (-24.59%) below the coins 100-day moving average of $0.170000000. DOGE meanwhile is $0.0900000 (-25628.53%) above its 52-week low of $0.040000000 and -$0.61000000 (-1338.07%) under its 52-week high price of $0.740000000. Dogecoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 55. The price movement and range of DOGE suggest that investors are neutral on the coin at this time.
Dogecoin currently has a total market cap of $17,359,814,174.40 to go along with its average daily volume of $5,560,662,944.52 worth of the currency over the past seven days. DOGE's volume is below its seven day average as of the past 24 hours, with 953,198,324.35 exchanged in that period.
This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Technical analysis of Dogecoin over the past year results in the crypto receiving a an average long-term technical score of 55 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Dogecoin (DOGE).
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter