Dogecoin price climbs down the price ladder to place its lows below the $0.00210 level for December 4. The cryptocurrency scores a day’s average of $0.00205526 to $0.00240954.
Dogecoin Price Chart Analysis for December 4:
After its trip above the $0.0022 price line, Dogecoin has steered its highs under the $0.002150 mark. The trading pair has seen high volatile variations between the $0.0021 and $0.0022 levels, while it experienced bears with the start of December 4, that took the price line below the $0.0021 mark. The cryptocurrency continued its short-lived price jumps under $0.0021 until it saw bulls after mid-day December 4 that took the price to its day’s high of $0.00231045.
Dogecoin continued propagating between $0.00265 and $0.002245 while bears appeared just before the 24-Hour price analysis concluded, bringing the price down to its current trading value of 0.00215174 US dollars.
Moving Average Convergence/Divergence: What to expect?
The moving averages converge close to the trading pair’s price line while it stretched through the 1-Day analysis, showing no signification variations in the Dogecoin price. The 20-Day Exponential Moving Average travelled below the Simple Moving Average (SMA) while it closed at $0.00215581. The 50-Day SMA has a closing value above the EMA, at $0.00215934.
The Relative Strength Index (RSI) has depicted various oversold situations, where the RSI dropped below level 20. Currently, the RSI is at 44.03.
Featured Image Background by Tobias van Schneider.