After trading between the price range of $0.0021 to $0.0022 US Dollars, the Dogecoin price crosses the $0.00230000 mark on the 1-Day price chart for January 26. The cryptocurrency drew recursive patterns between the $0.00216000 and $0.00232000 marks throughout the day.
1-Day Dogecoin Price Analysis (January 26)
Dogecoin began its trade on January 26 with a value placed just above the $0.00216000 mark. The cryptocurrency depicted frequent recursive patterns until 06:00 GMT, after which the price line gained height from the $0.00216000 to the $0.00220000 mark until 09:13 GMT. The coin restarted the price jumps after the said time interval and it traded between $0.00218791 and $0.00228416 until 17:09 GMT.
Just before the clock struck 18:00, the cryptocurrency moved between $0.00222000 and $0.00231576 until the day ended. The trading pair gained a day’s closing value of $0.00223889 US Dollars.
Moving Average Convergence Divergence (MACD)
Out of the three technical indicators shown in the chart above, the Relative Strength Index (RSI) was able to reach 94.13 on the scale, showing an overbought instance for the coin at 10:10 GMT. Currently, the RSI stands at 60.21, whereas the 20-Day Exponential Moving Average (EMA) closed the day at $0.00223371, below which the 50-Day Moving Average (MA) closed at $0.00222897.
Featured Image by Michael Benz.