Dogecoin receives a strong long-term technical score of 88 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 88% 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
The current trading price of $0.160000000 for DOGE is -$0.0300000 (-17.83%) below the coins 100-day moving average of $0.190000000. DOGE meanwhile is $0.1200000 (-25565.71%) above its 52-week low of $0.040000000 and -$0.58000000 (-1334.46%) under its 52-week high price of $0.740000000. Dogecoin’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 88. The price movement and range of DOGE suggest that investors are neutral on the coin at this time.
Dogecoin currently has a total market cap of $20,894,930,010.68 to go along with its average daily volume of $5,976,573,699.31 worth of the currency over the past seven days. DOGE’s volume is below its seven day average as of the past 24 hours, with 1,257,542,207.66 exchanged in that period.
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 88 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
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