Market in the last 24hrs
Price saw a major upward movement in the last 24 hours. The price moved from the bottom Bollinger band to above the upper Bollinger band. Trading volume has been astronomical in the last 24 hours. The rising volume with rising in price can be an indication of strong bullish momentum.
Today’s Trend analysis
The price is expected to continue to move in upward momentum till the price accepts the upper Bollinger band as a support line, after which we can expect some consolidation with a slight indication of a bullish trend.
Price volatility was very high at approximately 9.86%, with the day's range between $0.168 — $0.214.
Price at the time of publishing: $0.191
DOGE’s market cap: $24.67 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 7 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 5 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Trading volume has been astronomical in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The 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 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
Price saw a major upward movement in the last 24 hours. The price moved from the bottom Bollinger band to above the upper Bollinger band. Trading volume has been astronomical in the last 24 hours. The rising volume with rising in price can be an indication of strong bullish momentum.
Today’s Trend analysis
The price is expected to continue to move in upward momentum till the price accepts the upper Bollinger band as a support line, after which we can expect some consolidation with a slight indication of a bullish trend.
Price volatility was very high at approximately 9.86%, with the day's range between $0.168 — $0.214.
Price at the time of publishing: $0.191
DOGE’s market cap: $24.67 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 3 are giving a SELL signal, 7 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 5 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Trading volume has been astronomical in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The 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 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
