Dogecoin Enters Today Down -3.19%

The Hourly View for Dogecoin

• At the time of this writing, DOGE’s price is down $0 (-0.67%) from the hour prior.
• Dogecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
• Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
• Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Dogecoin’s hourly price chart is shown below.

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The Daily View for Dogecoin

• At the moment, DOGE’s price is down $0 (-3.19%) from the day prior.
• This move is a reversal from the day prior, which saw price move up.
• Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
• The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
• Divergence between DOGE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DOGE’s price.

Below is a daily price chart of Dogecoin.

The Latest From DOGE’s Blockchain

• For DOGE, its number of daily new addresses is now at 15888.
• Over the past 29 weeks, the trend for DOGE’s average transaction value has been choppy and unclear. It has oscillated between 115118.5037 and 6971720.9587.
• DOGE has a count of active addresses of 58904, up 5.37% from its value day prior.