Dogecoin price has climbed up by 3.03 percent after its prolonged rest near the $0.002600 price mark. On November 7th, the price line was able to stabilize its self over the $0.002225.
1-Day Dogecoin/USD Chart
The price line has depicted a very stable movement pattern through most of the past 24-hours till a bullish climb took the price line over $0.002660, and past the $0.002720 price mark. Over the 1-Day Dogecoin price analysis, the cryptocurrency had reached its high of $0.002732, following a bearish drop back to 0.002600 and then eventually 0.002685. This movement pattern should try a similar mood throughout most of the day during the price analyses.
Dogecoin Price: Expectations
The price chart posted above shows that the Moving Average has spiked to $0.002696, while the 20-Day Exponential Moving Average (EMA) rests at 0.002688. As these lines are being written, the Relative Strength Index (RSI) rests blow level 30, at 28.40. The EMA has lowered down after its recent high of 0.002720, while the Moving Average also came down towards the 0.002660 price mark.
Dogecoin’s price is expected to sketch near and above the 0.002660 price line for the upcoming days, with a lower chance of the price line to exhibit a volatile behavior.
Currently, the Dogecoin’s market capitalization is at 329,950,258 US dollars.
Featured Image by Flickr.