Dogecoin price analysis: price line seems to halt

As of November 5, 2019, the Dogecoin Price continues to vary closer to the 0.002600 price line, showing no abrupt volatile movements in the cryptocurrency’s value.

1-Day DOGECOIN/USD Chart

Dogecoin price analysis: price line seems to halt 2

Dogecoin price chart by Trading View

According to the 1-day price chart, Dogecoin has failed to stray away from $0.002600. The bulls dragged the price across the 0.002630 price line on November 5, marking the cryptocurrency’s peak for the 24-hour price analysis. A brief bearish movement followed on the same day, which dropped the price below the 0.002560 support level.

Dogecoin Price: What to expect?

Dogecoin price analysis: price line seems to halt 3

Dogecoin chart by Trading View

As per the chart above, the 50-day Moving Average is located at 0.002594, while it is expected to conclude at 0.002584. The 20-day Exponential Moving Average (EMA) has dragged itself to $0.002592, and it will supposedly close right below the Moving Average, at 0.002583. At the time of writing, the Relative Strength Index (RSI) rests just above level 50, at 49.43, and it will close at 47.71.

Briefly,

The cryptocurrency’s price charts continue to show relatively stable variations of the price line. In the upcoming days, the graph is expected to trace similar triangular peaks above and below the 0.0026 price line.

According to coinmarketcap.com, Dogecoin’s market cap has gone up to $320,364,247.

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