Dogecoin News

Dogecoin Advances the Bullish Momentum; Added 5.64% Overnight

Dogecoin has successfully advanced its price recovery. From the beginning of the ongoing month, the currency trading under a bearish influence with moderate spikes. In the first week, Dogecoin was trading above $0.0020, and today, it is trading around $0.0017. The coin has managed to register a hike of 5.64% overnight, and the current price stands at $0.001721. And as per the current momentum, DOGE/USD may continue to trade upwards for some more days.

Dogecoin Price Analysis

Dogecoin (DOGE) Price News
DOGE/USD Chart By TradingView

Yesterday, in the first hour, the Dogecoin price spotted at $0.001629, and over the next 13 hours, it got boomed by 8.89% and touched $0.001774. Then, the coin has kept the uptrend intact and over the next 4 hours, the Dogecoin price escalated by 13.17%, and it reached the highest point of the day at $0.001887.

However, the Dogecoin price couldn’t stand there for long. Eventually, it started to decline and faced downward correction. Today, at 03:36 UTC, the price of Dogecoin has shrunk by 8.93% and retested the $0.0017 mark.

The RSI is now at 31.71 points, and it is trading under an oversold area. The current price is almost 2% less than the 20 days MA ($0.001762) and 50 days MA ($0.001757). Investors may find the next halting point of Dogecoin at the support around $0.00165.

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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