Is Dogecoin (DOGE) Heading the Right Direction Friday?

Friday, September 23, 2022 06:20 PM | InvestorsObserver Analysts

Dogecoin receives a strong long-term technical score of 85 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 85% 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 85 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

The current trading price of $0.060000000 for DOGE is $0.0000000 (-3.88%) below the coins 100-day moving average of $0.070000000. DOGE meanwhile is $0.0100000 (-21996.72%) above its 52-week low of $0.050000000 and -$0.28000000 (-2932.54%) under its 52-week high price of $0.340000000. Dogecoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 85. The price movement and range of DOGE suggest that investors are neutral on the coin at this time. Dogecoin has a total market value of $8,395,687,635.90 with an high average daily volume of $2,395,094,510.65 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DOGE's volume is below its average with $689,106,426.69 exchanged in total. 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

DOGE's historical trading over the past year gives it a a strong long-term technical score of 85 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Dogecoin (DOGE).