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Dogecoin’s Uptrend: A Sustainable or Temporary Phenomenon?

In a recent price review, the price of DOGE increased by 0.18%.The RSI in the 1-hour chart of DOGE sits at 39.58.On the 1-hour chart, DOGE finds support at $0.07965 and...
Dogecoin’s Uptrend: A Sustainable or Temporary Phenomenon? Dogecoin’s Uptrend: A Sustainable or Temporary Phenomenon?

  • In a recent price review, the price of DOGE increased by 0.18%.
  • The RSI in the 1-hour chart of DOGE sits at 39.58.
  • On the 1-hour chart, DOGE finds support at $0.07965 and resistance at $0.08787.

The hourly chart of DOGE shows that the digital currency’s price has dramatically gone down by a lot in the last few hours. However, looking at the 24-hour time frame, DOGE has only fluctuated by an increase of 0.18%.

DOGE/USDT 1-Hour Price Analysis (Source: TradingView)

Above is the 1-hour technical analysis of DOGE/USDT. Moreover, DOGE was trading inside the rising wedge and after fulfilling the sell order block at $0.08683 and $0.08787, DOGE drove back to $0.08392 within an hour.

By looking at the Bollinger band, the bands are neither contracting nor expanding while the upper band is at $0.08783 and the lower band is placed at $0.08371. Bollinger bands also work as the support and resistance therefore, traders can check these bands’ levels before taking their trade for a good risk-to-reward ratio.

Moreover, the Relative Strength Index (RSI) shows a line at 39.58 and a rising gradient edging away from the 30-oversold boundary and steadily climbing to the 50-center line. If the RSI score remains stable, this can be a bullish indicator because it indicates that buying and selling activity is balanced.

DOGE/USDT 1-Hour Price Analysis (Source: TradingView)

The above chart shows that the MACD line has crossed below the signal line, indicating that the MACD line has lost momentum after previously being above the signal line. However, the MACD line is still in negative territory, and the blue MACD line contacts -0.00027 while the signal line contacts 0.00004.

The majority of the technical indicators on the daily price chart point upward, raising the possibility that the rising momentum displayed by BTC is to be followed. DOGE is also above 200-day Moving Average, meaning that DOGE is in a bullish trend now.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Dogecoin’s Uptrend: A Sustainable or Temporary Phenomenon? appeared first on Coin Edition.

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Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
06-02-2023 14:34:59 (UTC+7)

EUR/USD

1.0789

-0.0004 (-0.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (2)

EUR/USD

1.0789

-0.0004 (-0.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (2)

GBP/USD

1.2056

+0.0006 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

USD/JPY

131.76

+0.60 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

AUD/USD

0.6936

+0.0017 (+0.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3399

+0.0003 (+0.03%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

EUR/JPY

142.16

+0.59 (+0.42%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (3)

EUR/CHF

0.9987

-0.0004 (-0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Gold Futures

1,887.40

+10.80 (+0.58%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

22.505

+0.100 (+0.45%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

Copper Futures

4.0610

+0.0298 (+0.74%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

73.99

+0.60 (+0.82%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

80.70

+0.76 (+0.95%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Natural Gas Futures

2.436

+0.051 (+2.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

173.63

-4.27 (-2.40%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

Euro Stoxx 50

4,257.98

+16.86 (+0.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

S&P 500

4,136.48

-43.28 (-1.04%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

DAX

15,476.43

-32.76 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

FTSE 100

7,901.80

+81.64 (+1.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Hang Seng

21,208.00

-452.47 (-2.09%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (4)

US Small Cap 2000

1,985.53

-15.69 (-0.78%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (7)

IBEX 35

9,225.60

-4.10 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

BASF SE NA O.N.

54.040

+0.200 (+0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

56.68

-0.12 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (4)

Allianz SE VNA O.N.

220.75

-0.95 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

161.06

+3.14 (+1.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Lufthansa AG

9.902

+0.009 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

145.02

+1.30 (+0.90%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

11.530

+0.074 (+0.65%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

 EUR/USD1.0789↑ Buy
 GBP/USD1.2056↑ Sell
 USD/JPY131.76↑ Buy
 AUD/USD0.6936↑ Sell
 USD/CAD1.3399Buy
 EUR/JPY142.16Sell
 EUR/CHF0.9987↑ Buy
 Gold1,887.40↑ Sell
 Silver22.505↑ Sell
 Copper4.0610↑ Sell
 Crude Oil WTI73.99↑ Buy
 Brent Oil80.70↑ Buy
 Natural Gas2.436↑ Sell
 US Coffee C173.63Buy
 Euro Stoxx 504,257.98↑ Buy
 S&P 5004,136.48↑ Buy
 DAX15,476.43↑ Buy
 FTSE 1007,901.80↑ Buy
 Hang Seng21,208.00Sell
 Small Cap 20001,985.53↑ Sell
 IBEX 359,225.60Neutral
 BASF54.040↑ Buy
 Bayer56.68Neutral
 Allianz220.75↑ Buy
 Adidas161.06↑ Buy
 Lufthansa9.902↑ Sell
 Siemens AG145.02↑ Sell
 Deutsche Bank AG11.530Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,640/ 6,700
(-30/ -30) # 1,360
SJC HCM6,640/ 6,720
(0/ -20) # 1,381
SJC Hanoi6,640/ 6,722
(0/ -20) # 1,383
SJC Danang6,640/ 6,722
(0/ -20) # 1,383
SJC Nhatrang6,640/ 6,722
(0/ -20) # 1,383
SJC Cantho6,640/ 6,722
(0/ -20) # 1,383
Cập nhật 06-02-2023 14:35:01
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,875.51+10.140.54%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
ↂ Giá dầu thô thế giới
WTI$74.14-0.39-0.52%
Brent$80.56-0.62-0.77%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.270,0023.640,00
EUR24.669,2126.050,56
GBP27.543,6228.718,11
JPY172,56182,68
KRW16,3019,86
Cập nhật lúc 14:24:21 06/02/2023
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