Dogecoin Price Analysis: DOGE Listed on Coinflip Network

• Dogecoin price is $0.05094, which is up by 5.50% in the last 24-hour time-frame and 0.34% up from the previous week.
• DOGE/BTC pair is neutral with 0.30% in Tuesday’s trading session (0.000001047)
• DOGE showcased a positive momentum on Tuesday’s trading session

Dogecoin performed positive momentum on the weekly chart, it went up to $0.08495 on February 08, 2021, while breaking above the resistance zones created in the past. Dogecoin price set a mark of an all-time high. Meanwhile, the trading volume of $1,577,740,930 in the last 24-hour time-frame represents an increase in the value of 33.27%. The DOGE/ETH pair is in an uptrend with a value of (0.00003295), which is down by 3.19% in Tuesday’s trading session. 

US Citizens Can Now Purchase From Coinflip ATM’s 

DOGE has been supported by 1,800 ATMs across 45 US states, Coinflip has witnessed an enormous increase in demand during the previous 12 months, together with earnings over triple year-on-year since the organization established its ATM count from 441 to about 1,800 from January 2020. Leading Bitcoin ATM supplier Coinflip declared the service for Dogecoin on March 1, 2021, together with the organization’s CEO and co-founder, Daniel Polotsky, assigning the transfer to DOGE’s current “popularity and current mass adoption.” Coinflip ATMs are set up in 45 of the United States’ 50 nations. The company’s ATMs additionally promote BTC, ETH, BNB, DASH, LTC, LINK, USDC, and XLM.

Dogecoin Technical Chart Indicates a Positive Trend

The technical chart of Dogecoin highlights a positive trend. In contrast, Dogecoin price is at $0.05094. According to pivot points, the critical support level for DOGE is placed at $0.04612. Whereas if it moves up, the key resistance level to watch is $0.05491. While diving into the weekly chart of a 4-hour time-frame, it completes a spinning top candlestick pattern.

The volume indicator with the value (45.962M) reflects a selling volume in the coin. Investors can further expect a decrease in selling volume in the upcoming trading sessions.

SMA-50 & 100, price is at $0.05108 & $0.05492, which acts as another strong support in the coin. SMA- 50 (purple) is below the SMA- 100 (white) which projects a negative trend. The price is testing the SMA- 50 if it breaches above investors can see a positive crossover soon.

MACD  (BULLISH): bullish crossover over signal line spotted on March 02, 2021, indicated a buy signal in the coin during the trading session. Also, it denotes the fading of green bars on Histogram.

RSI (BULLISH): RSI with a value of 54 indicates a buy signal in the coin. One can observe an increase in value in upcoming trading sessions.

Conclusion

Dogecoin price went up by 5.50% on Tuesday’s trading session. The price is testing the SMA of $0.05108, and investors can expect the movement of price towards the support level of $0.04606. All technical indicators recommend a buy signal in the coin for a short while. 

Resistance: $0.5108

Support: $0.04606

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