On January 28, the Dogecoin price line depicts a repetitive pattern of price jumps between the $0.00234000 and $0.00244000 marks on the price chart. After a prolonged period of staying in the $0.0021 to $0.0022 price range, the cryptocurrency met the crossed the $0.00246000 mark before it closed the day’s trade for January 28.
1-Day Dogecoin Price Analysis (January 28)
As per the price chart above, the price line moved up to the $0.00244000 mark by 00:40 GMT, after starting trade near the $0.00232000 mark. The DOGE/USD trading pair stayed between the $0.00236000 and $0.00246000 marks until after 06:00 GMT when the price traced between the $0.00234000 and $0.00244000 marks. The coin shows a disarranged set of upward and downward movements for its trading price on the 1-Day chart for January 28.
Before the day ended, the coin saw an upward movement and crossed the $0.00246000 mark, while it has a day’s closing value of $0.00244694 US Dollars.
Moving Average Convergence Divergence (MACD)
The Relative Strength Index (RSI) extended its upper limits above level 80 at various times of the day. At 05:54, the technical indicator stood at 93.66, while it stands at 66.53 when the day came to an end.
The 20-Day Exponential Moving Average (EMA) closed trade at $0.00243421, below which the 50-Day Moving Average (MA) stands at $0.00240704. The coin has a market capitalization of $297,139,227 US Dollars.
Featured Image by Nathan Anderson.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.