The market price of dogecoin is currently at a low of 0.001 USD. Dogecoin has been trading for over 2 years now and it is currently trading at 0.001. Doge was trading at $0.083 at the time of writing. This is positive as it is still above $0.080 which has acted as critical support. The broader cryptocurrency has observed a bear market over the last 24hrs and the recent surge in Bitcoin prices has been very encouraging. Major players include STX which has recorded a 12.57 percent gain and Coinbase which has seen a 10.5 percent increase.
Dogecoin maintains its price
Over the upcoming trading, doge has just remained above the critical point of $0.080. Surpassing this mark will bring the bulls back to full form and allow them to continue their dominance in the market. The amount of doge traded in the last session was high, which means the bears were controlling the market to reach its peak.
Doge has noted a low buying strength in the last few days and is currently trading at around $10 per share as the coin was stuck under the radar for some time. The index’s relative strength is still below the level of its previous highs, but it’s likely to continue to do so which means buyers were still down than the sellers in the market.
The Doge price might strive for another limp up the chain, but the dogecoin price slipped below the threshold which constitutes buyers’ strength as the sellers were controlling the price fluctuation in the market.
In agreement with low purchasing strength doge has shown a sell signal on the day-to-day market chart. The moving market indicates price momentum and a trend reversal is likely. DOGE is currently showing a red histogram and Eps. This is a good sign for dogecoin which is linked to selling signals for the asset class.
