Dogecoin Price Analysis for December 7
The Dogecoin/USD pair started the price analysis with a price just above the $0.00218000 mark, right after which it traversed above the $0.00226000 level and continued variations between the two price levels. Dogecoin shot up to its day’s high at 0.00228122 US dollars in the first quarter of December 7.
Right after Dogecoin reached mid-day December 7, the price line showed frequent price variations. The trading pair stuck around the 0.00218000 price mark before it approached December 8, where it saw a bearish drop and its day’s low was marked at $0.00214195. Currently, Dogecoin trades at 0.00223496 US dollars.
Dogecoin/USD Technical Analysis: December 7
The Dogecoin price has stayed in the green region (above its current trading price) for more of the 1-Day price analysis, while it sunk into the red area (below its current trading price) in the last quarter of the price analysis. The 20-Day Exponential Moving Average (EMA) has a value of $0.00218136 and the 50-Day Moving Average (MA) closed at $0.00217543.
The Relative Strength Index (RSI) shows frequent overbought instances and a number of oversold conditions as well. At its highest, the RSI was seen at 94.45, and at its lowest, the RSI was at 8.40. Currently, the RSI lies at 66.98.
Featured Image Background by Clarisse Meyer.