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DOGEUSD(4Hr): DOGE moving sideways with an indicating bearish for BINANCE:DOGEUSD by Mudrex

Market in the last 24hrs
The price can be seen moving along the middle Bollinger band in a consolidated movement with a slight indication of bearish momentum. Trading volume has been low in the last 24 hours which could also be the reason for the consolidated momentum of the price that can be seen.

Today’s Trend analysis

The price is expected to continue to move in a bearish momentum till it reaches the lower Bollinger band after which a consolidated momentum is expected as the price oscillates between the middle and the upper Bollinger band .

Price volatility was low at approximately 0.65%, with the day’s range between $0.264 — $0.286.

Price at the time of publishing: $0.271

DOGE’s market cap: $35.72 Billion

However, the Indicator summary is giving a ‘SELL’ signal on DOGEUSD.

Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.

Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal.

Trading volume has been very high in the last 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!

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