With a day’s range of $0.00212438 to $0.00221965, the Dogecoin price continues brief and abrupt price-jumps between $0.00210000 and $0.00220000.
Dogecoin/USD Price Analysis: December 5
After starting with a trading price of 0.00223942 US dollars, Dogecoin shows highly volatile price movements. The price line reached the day’s high early into the price analysis, at 0.00224622 US dollars, after which the graph shows a downward slope towards the $0.00210 level. Dogecoin immediately recovered towards $0.00224, after which it fell below the $0.00208000 mark, reaching its day’s low of 0.00207775 US dollars.
Dogecoin kept its highs close to $0.0022 and its lows near the $0.00212 for most of the price analysis. At the time of writing, Dogecoin trades at 0.00213827 US dollars.
Dogecoin Price: Technical Analysis
The Relative Strength Index (RSI) depicts several oversold conditions, as shown in the chart posted above. Currently, the RSI has reached a value as low as 13.22.
The moving averages have stretched near the price line, depicting no significant variations in the trading pair’s price. The 20-Day Exponential Moving Average (EMA) closes at $0.00217870, and the 50-Day Moving Average ended the day above the EMA and the trading pair, with a value of $0.00220286.
Featured Image Background by Christian Seeling.