Dogecoin price line experiences a rise towards the $0.00258000 mark, with the line’s lows set at the $0.00250000 level on the price chart for January 18.
1-Day Dogecoin Price Analysis (18 January)
The cryptocurrency started the day with its usual fast-paced variations with its highs placed at the $0.00248000 mark. The cryptocurrency exhibits a highly volatile price pattern, while it saw bulls 02:31 GMT where the trade shifted its lows at $0.00250000 and the highs were placed just above the $0.00258000 mark. The cryptocurrency saw a bearish fall at 03:37 GMT, and the price line reached the $0.00238000 level by 05:27 GMT.
From 06:00 GMT to 17:00 GMT, the cryptocurrency kept trading between the $0.00238000 and $0.00250000 levels, after which it moved trade between the $0.00248000 and $0.00258000 marks. Currently, Dogecoin trades at $0.00248640 US Dollars.
Moving Average Convergence Divergence (MACD)
At various times of the day, the Relative Strength Index (RSI) slipped past level 70 on the chart, which shows many overbought instances for the coin. At one point, the RSI was observed at a point as low as 8.03 on the graph. Currently, the RSI stands at 13.73.
The 20-Day Exponential Moving Average (EMA) stood at $0.00252800 by the end of the day, while the 50-Day Simple Moving Average (SMA) stands at $0.00255545 as the day closes.
Featured Image Background by Mathieu CHIRICO.