Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Traders Should Look Out For These Bearish Flags On DOGE’s Chart

Published 02/02/2023, 09:47 AM
Updated 02/02/2023, 10:00 AM
Traders Should Look Out For These Bearish Flags On DOGE’s Chart

  • DOGE is currently worth $0.09366 after a 2.13% increase in price.

  • The meme coin’s price has established a bearish price channel.

  • DOGE’s price could risk dropping to $0.08978.

The predicted outcome of the US FED announcement yesterday has led most cryptos to be in the green for the day so far, and Dogecoin (DOGE) is no exception.

According to the crypto market tracking website, CoinMarketCap, DOGE is currently worth $0.09366 after a 2.13% increase in price over the last 24 hours. DOGE also reached a high of $0.09575 and a low of $0.08875 over the same time period.

The meme coin’s decent performance over the last day has contributed to its successful weekly performance as DOGE is in the green by more than 8% over the last seven days. However, DOGE did weaken against the two biggest cryptos Bitcoin (BTC) and Ethereum (ETH) by about 1.29% and 3.82% respectively over the last 24 hours.

Also, the meme coin is in the red zone as the 24-hour trading volume dropped by more than 14% since yesterday and currently now stands at $1,008,701,439.

The post Traders Should Look Out For These Bearish Flags On DOGE’s Chart appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.