Dogecoin (DOGE) gets a bearish rating from InvestorsObserver Tuesday. The crypto is down 4.61% to $0.08352440491 while the broader crypto market is down 3.61%.
Bearish
Over the last five days, Dogecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Dogecoin over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Dogecoin is currently trading near its five-day low of $0.082086943089962. The crypto is 8.01% off its five-day high and is 1.75% higher than its five-day low of $0.082086943089962.
Dogecoin price is currently below support. With support set around $0.0842441257731759 and resistance at $0.0894957643644655, Dogecoin is potentially in volatile territory as selling pushes the crypto’s price below recent support.
Dogecoin has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.
Due to a lack of data, this crypto may be less suitable for some investors.
Click here to unlock the rest of the report on Dogecoin
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
This news is republished from another source. You can check the original article here