|Current Price||INR 5.43|
|Market Cap||INR 719,806,820,429,113|
|Circulating Supply||132.67 DOGE|
|Vol (24H)||INR 31,428,998,723|
Check out the Latest DOGE Price, Charts, and Data
|Short-Term||The DOGE price is expected to continue trading within range-bound levels, including minor upswings and downswings|
|Mid-Term||The buying pressure has eased a bit and hence the possibility of a minor pullback below INR 5 emerges|
|Long-Term||Dogecoin is trading within a huge bearish trend and hence carries fewer possibilities of a rebound|
It would not be wrong to say that the 2021 crypto crash was ignited by the DOGE price crash just before the SNL event in May 2021. Since then the asset has been shedding its value at the maximum. The recent crypto crash that began with the LUNA crash has dragged the price by more than 50%. Later a couple of negative rounds in June dropped the price by another 37%. Currently, the price is attempting to rebound, but the bear market sentiments may restrict the price below the crucial levels.
Read more about the Reason of Crypto Crash
|Relative Strength Index(RSI)||52.9 / 33.69||Neutral / Sell|
|MACD||-0.016 / -2.4||Sell / Sell|
|Average Directional Index(ADX)||23.04 / 20.65||Neutral / Neutral|
|Ultimate Oscillator||44.11 / 34.87||Sell / Sell|
|Bull-Bear Power||0.07 / -2.7||Buy / Sell|
|Moving Average||Short Term||Long Term|
|MA 5||INR 5.76||INR 5.54|
|MA 10||INR 5.736||INR 6.66|
|MA 20||INR 5.753||INR 8.57|
|MA 50||INR 5.79||INR 13.6|
|MA 100||INR 5.52||INR 6.95|
|MA 200||INR 5.96||INR 3.47|
The DOGE price is somewhat bullish in the short term as RSI is surging while the strength of the rally is neutral. As the volatility is less, the price is expected to flow along the induced volume without any sudden price action while bulls maintain their dominance.
On the other hand, in the higher time frame, the asset is extremely bearish as most of the indicators point out a sell signal. RSI is dropping while MACD displays a mounting of extreme selling pressure. Therefore, the asset may find new lows in the coming days.
Additional Read: DOGE vs SHIB: Comparative Analysis
Also Read: Top 10 Crypto to Invest
Read more on 1% TDS on Crypto & 30% Crypto Tax
Buying or selling Dogecoin (DOGE) is extremely simple and safe here, on CoinDCX. You need to just download the CoinDCX App on your smartphone and register yourself by providing the required data. Once your profile is verified, fund your wallet and buy DOGE.
Investing in DOGE or any of your desired assets is not a tedious job anymore. With CoinDCX’s Crypto SIP one can invest in easy weekly installments. Therefore, start investing in Bitcoin & other cryptos with Crypto Investment Plan now!
Dogecoin price is bullish in the short-term, while bearish in the long term. Therefore, one can expect a short-term bounce towards the immediate resistance followed by a pullback.
The RSI for DOGE in the short term is 52.9 and for the long term is 33.69.
The crypto markets are trending within a deep descending trend along with DOGE that could rebound on hitting the lowermost support. Therefore, it may offer good returns but is also considered one of the high-risk assets.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.