January to early February had been good for Dogecoin. The DOGE price was on an upswing. The opening price of DOGE on February 3, 2021, was $0.03. The closing price of DOGE on February 9, 2021, was $0.07. In short, the DOGE price has registered a phenomenal growth of approx. 133%. Past Performance of DOGE However, the DOGE price is on a downtrend since the past week. On February 9, 2021, DOGE opened at $0.079. As of February 14, 2021, DOGE closed at $0.063. The price has dipped by approx. 25% in the past week. In the last 24 hours, the DOGE price is fluctuating between $0.047-$0.065. https://ift.tt/37hfc5o How DOGE Will Perform Ahead Currently, DOGE is trading at $0.057. The price has dropped from the opening price of $0.063. It touched a low point of $0.047, a few hours back and has started rising thereafter. Presently, the price is above the EMA and SMA lines. Thus, the price is likely to move upwards. The OBV and A/D indicators have started rising too. The accumulations are higher than the distributions. There is a positive divergence. Hence, we can expect a trend reversal. The RSI indicator is at 62%. A couple of hours back the RSI faced a bearish swing rejection at 70%. Thereafter, it fell up to 40% and started rallying. Thus, buying volumes are higher than selling volumes. High buying pressures will push the DOGE price upwards. The MACD and signal lines are positive. A bullish crossover by the MACD line over the signal line indicates a bullish momentum. Thus, the price downtrend may have started reversing. The Stochastic oscillator was rallying and entered into the ‘overbought’ region. Thereafter, it has started falling. It is a good time for swing traders to go short. A bearish crossover by the actual value line over the 3-day SMA line is indicative of price adjustments. Thus, the price may decline again. The AO indicator is positive. But, the ‘buy’ signals are not very strong yet. The ADX line has started rising gradually implying that the bullish momentum is slowly gaining strength. Currently, the DOGE price is trading very close to the Fibonacci pivot point of $0.058. A price uptrend is confirmed if the closing price is above the first Fibonacci pivot resistance level of $0.065. The price has tested the 38.2% FIB resistance level of $0.054 and moved up again closer to the 61.8% FIB retracement level of $0.058. If the price goes above the 76.4% FIB retracement level of $0.061 in some time, then it is confirmed that the trend has reversed. In that case, we can expect the price to surge tomorrow as well.
The post DOGE on a Surge for Tomorrow with $0.058 appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
