|Performance after Saturday 28-Jan
Dogecoin (DOGEUSDT) price for the week to-date gained 0.82% or 0.00072 higher to 0.08896. At time of writing into Sunday’s trading session, Dogecoin has increased by 1.46% over the past 24 hours. For the record, DOGEUSDT is -87.84% below all-time high of 0.73158. On Saturday, DOGE rose 0.50% to 0.08767.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising, our analysis is that there is bullish momentum and price could continue to go higher.
For the month-to-date, DOGE is up by 26.63% or 0.01871 higher.
What can we expect from Dogecoin today?
Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 0.08838 or trades above daily pivot 0.08774. and daily low of 0.08718 and 0.08711 (S1) as key support levels. Dogecoin need to break on either side to indicate a short-term bias. A break above 0.08838 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Dogecoin is rising and up by 0.82% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-01-22 was 2.51%.
Key levels to watch out:
Last updated: 01:24 am UTC, 29-Jan 2023
Dogecoin is a cryptocurrency based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a “joke currency” on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.