$0.185
+0.0050 (+2.80%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DOGEUSD
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Dogecoin cryptocurrency upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 04, 2024 Gain 136.79% PDF

The Dogecoin cryptocurrency price gained 2.80% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.180 to $0.185. During the last trading day the cryptocurrency fluctuated 7.41% from a day low at $0.178 to a day high of $0.192. The price has risen in 7 of the last 10 days and is up by 19.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 billion more shares were traded than the day before. In total, 4 billion shares were bought and sold for approximately $711.47 million.

The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 93.78% during the next 3 months and, with a 90% probability hold a price between $0.272 and $0.397 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

DOGEUSD Signals & Forecast

The Dogecoin cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.170 and $0.145. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 40.66%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dogecoin cryptocurrency

Dogecoin finds support from accumulated volume at $0.180 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0132 between high and low, or 7.41%. For the last week, the cryptocurrency has had daily average volatility of 11.70%.

Our recommended stop-loss: $0.178 (-3.84%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (DOGEUSD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dogecoin / US Dollar to open at $0.185, and during the day (based on 14 day Average True Range), to move between $0.164 and $0.207, which gives a possible trading interval of +/-$0.0214 (+/-11.53%) up or down from last closing price. If Dogecoin / US Dollar takes out the full calculated possible swing range there will be an estimated 23.05% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.180, some $0.0057 (3.06%) from the current price of $0.185, our system finds the risk reward attractive.

Is Dogecoin / US Dollar cryptocurrency A Buy?

Dogecoin holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.003 Strong Buy Candidate Upgraded

Predicted Opening Price for Dogecoin / US Dollar of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.185 ( 0.137%) $0.185

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DOGEUSD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.198 7.00 %
R2 0.193 4.27 %
R1 0.190 2.59 %
Current price: 0.185
Support S1 0.180 -2.86 %
S2 0.177 -4.54 %
S3 0.172 -7.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.185
Support S1 0.180 -3.06%
S2 0.160 -13.50%
S3 0.152 -17.79%

FAQ

What is the symbol for Dogecoin Cryptocurrency and on which exchange is it traded?
The symbol for Dogecoin is DOGEUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell Dogecoin Cryptocurrency?
Dogecoin holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Dogecoin Cryptocurrency?
Dogecoin Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dogecoin Cryptocurrency.

What's the current price of Dogecoin Cryptocurrency?
As of the end of day on the 2024-03-27, the price of an Dogecoin (DOGEUSD) share was $0.185.

What is the 52-week high and low for Dogecoin Cryptocurrency?
The 52-week high for Dogecoin Cryptocurrency is $0.209 and the 52-week low is $0.0535.
Click to get the best stock tips daily for free!