Dogecoin receives a strong long-term technical score of 74 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 74% 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.
Trading Analysis
DOGE is currently -$0.0500000 (-36.17%) below its 100-day moving average price of $0.130000000 with its current price of $0.090000000. Meanwhile, Dogecoin is $0.0200000 (-15584.47%) above its 52-week low price of $0.070000000 and -$0.60000000 (-1447.98%) below its 52-week high of $0.680000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 74. Trends for the long-term trading history of Dogecoin suggest that traders are currently neutral on the coin.
Dogecoin has a market capitalization of $11,298,272,957.06 and a relatively high average daily volume with $7,894,695,830.31 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, DOGE’s volume is below its seven day average with 937,496,734.51 exchanged.
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
Technical analysis of Dogecoin over the past year results in the crypto receiving a a strong long-term technical score of 74 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Dogecoin (DOGE).
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