Analyzing the 4-hourly movement of DOGE/USD on the exchange of Bittrex over the past 1 month, we see that the coin was trading at $0.00272 initially. With a snowball slide in the same trading week, Dogecoin price slid by over 15% to trade at $0.00230.
However, the green up trending candle formation immediately led the coin to trade at the highest price in the mentioned time frame at $0.00310. This was an exceptional 34.7% growth within just no time to temporarily mount.
The price trend was then followed by a downtrend, wherein the price of the coin slid to $0.0024 at the onset of November 2019. After having made a constant attempt to rise, DOGE price went as high as $0.00292. And, since then, it is on a continual downswing thereafter.
Dogecoin currently trades with solid selling pressure as it slid down rapidly from trading around $0.0029. Also, holds no support from either the short-term or long-term moving averages.
Technical Indicators
The MACD of Dogecoin is below zero but holds a slight bullish crossover as the price trend holds the green candle formation.
