Dogecoin (DOGE): How Does the Chart Look Sunday?

Sunday, May 14, 2023 05:46 PM | InvestorsObserver Analysts

Dogecoin receives an average long-term technical score of 59 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, DOGE holds a superior long-term technical analysis score than 59% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Dogecoin a 59 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!

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Trading Analysis

DOGE is currently -$0.0100000 (-10.91%) below its 100-day moving average price of $0.080000000 with its current price of $0.070000000. Meanwhile, Dogecoin is $0.0200000 (-21979.60%) above its 52-week low price of $0.050000000 and -$0.09000000 (-6315.54%) below its 52-week high of $0.160000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 59. Trends for the long-term trading history of Dogecoin suggest that traders are currently neutral on the coin. Dogecoin currently has a total market cap of $10,004,107,930.12 to go along with its average daily volume of $896,890,319.50 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 135,751,271.71 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.

Summary

Technical analysis of Dogecoin over the past year results in the crypto receiving a an average long-term technical score of 59 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).