What do the Short-Term Technicals Predict for Dogecoin (DOGE) Tuesday?

Tuesday, December 07, 2021 07:27 AM | InvestorsObserver Analysts

InvestorsObserver gives Dogecoin an average short-term technical score of 63 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. DOGE has currently traded better than 63% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Dogecoin a 63 Short-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 $0.04 (33.57%) above its 30-day low of $0.13 and -$0.12 (-40.17%) below its 30-day high of $0.30. Additionally, DOGE is under its average price of $0.23 over the past month of trading with its current price of $0.18. Overall, the recent trading history of Dogecoin suggest that traders are currently neutral on the coin. DOGE has a high market cap compared to the majority of coins with a total market value of $23,495,037,308.18. Dogecoin's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and DOGE meets that criteria. Dogecoin's average volume is high as $5,422,179,930.17 worth of the coin is typically traded over a 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the past 24 hours DOGE's volume is below its average with $1,516,184,554.79 exchanged. Dogecoin'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

Dogecoin's trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on Dogecoin (DOGE).