This is DOGEUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.

You can find price analysis from previous days in our blog and on Tradingview.

Analysis Summary

Market in the last 24hrs

Today’s Trend analysis

  • DOGEUSD is most likely to continue moving in this bearish direction unless we see a major jump in the volume.
  • Price volatility remained low at approximately 6.1%, with the day’s range between $0.32 — $0.34.
  • Price at the time of publishing: $0.33
  • DOGE’s market cap: $42.7 Billion
  • Oscillator indicators are mostly neutral but are suggesting a bearish trend. 
  • Moving average Indicators are giving a strong sell signal. 

Price is expected to continue the bearish trend. Volatility will likely remain low in a similar timeframe. Most of the Oscillator indicators are neutral with a slight indication of bearish momentum. MACD histogram size is increasing in the positive region suggesting a bullish bias. RSI is below the midline and is in the neutral zone. Volume can be seen decreasing.

DOGEUSD 4hr price chart via Tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is at around -49, in the neutral region. 

Definition:- Oscillator indicators are based on the market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.

SellNeutralBuy
371
NameValueAction
Relative Strength Index (14)40.6Neutral
Stochastic %K (14, 3, 3)57.5Neutral
Commodity Channel Index (20)-49Neutral
Average Directional Index (14)27Neutral
Awesome Oscillator-0.02Sell
Momentum (10)-0.002Sell
MACD Level (12, 26)-0.008Buy
Stochastic RSI Fast (3, 3, 14, 14)75Neutral
Williams Percent Range (14)51Neutral
Bull Bear Power-0.006Sell
Ultimate Oscillator (7, 14, 28)67.16Neutral

Moving Average Indicators

Moving average (MA) indicators are indicating an uptrend. 

Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.

SellNeutralBuy
1410
NameValueAction
Exponential Moving Average (10)0.33Sell
Simple Moving Average (10)0.33Sell
Exponential Moving Average (20)0.34Sell
Simple Moving Average (20)0.34Sell
Exponential Moving Average (30)0.34Sell
Simple Moving Average (30)0.35Sell
Exponential Moving Average (50)0.35Sell
Simple Moving Average (50)0.37Sell
Exponential Moving Average (100)0.36Sell
Simple Moving Average (100)0.35Sell
Exponential Moving Average (200)0.37Sell
Simple Moving Average (200)0.4Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)0.34Neutral
Volume Weighted Moving Average (20)0.33Sell
Hull Moving Average (9)0.34Sell

Trade volume

In the recent few candles, the traded volume observed was very less as per DOGECOIN which may indicate that the investors are unsure about the market


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