Dogecoin price analysis: price varies near 0.0026

Starting at 0.00263555 US dollars on 30th October, the Dogecoin price was subject to on and off bulls and bears, which concluded a price of 0.00259571 on November 2, after which the cryptocurrency saw lower lows.

5-Day DOGECOIN/USD Chart

Dogecoin price analysis: price varies near 0.0026 1

Dogecoin price chart by Trading View

According to the chart above, the Dogecoin price had surpassed the price level of 0.00270000 on 30th October, marking a peak value for the 5-day analysis. Following a series of falls and rises, the cryptocurrency’s market was subject to lower lows as of 2nd November, after which the graph only depicts fewer ups to the price line.

The Dogecoin price touched 0.00246412 on 4th November, following which it came back above the 0.00260000 price line.

Dogecoin Price: what should you expect?

Dogecoin price analysis: price varies near 0.0026 2

Dogecoin chart by Trading View

As per the chart above, the 50-day Moving Average is at 0.00256674 and is said to close at 0.00260365, while the 20-day Exponential Moving Average (EMA) has fallen to $0.00256958 and will close at 0.00260219 from its recent peak value of 0.00265463. The Relative Strength Index (RSI) currently lies above level 50, at 55.516.

Briefly,

The charts have shown less volatile prices as the cryptocurrency’s value depicts a relatively stable graph. The price charts are expected to draw similar lows and highs, closer to the 0.0026000 price line in the upcoming days. At the time of writing, the cryptocurrency has a market capitalization of $317,045,110.

Featured Image by Flickr.