DOGEUSD(4 HR) : DOGE loses $10 Billion in a dayMarket in the last 24hrs
DOGEUSD saw a slightly bearish trend in the last 24 hours. Trading volume has been very high in the last 24 hours which could be the reason behind the consolidated movement that we are seeing.
Today’s Trend analysis
DOGE is expected to see some consolidation before moving in any direction. Price has just moved above the bottom Bollinger band which could be an indication of a trend reversal and we may see some relief from the bearish trend.
Price volatility was very high at approximately 27%, with the day's range between $0.165— $0.226.
Price at the time of publishing: $0.192
DOGE’s market cap: $27.1 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has remained very high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
