Dogecoin Price Analysis - 22nd December 2021

DogeCoin Price Analysis - 18th March 2021

In early February, transactions per day hit a new multi-year high. Over the past few years, DOGE has had more transactions per day than Monero (XMR), Dash (DASH), and Zcash (ZEC).

The weekly DOGE/USD chart shows bullish Cloud metrics for the first time since 2018. In the near term, another move above 33 sats should be seen as a leading bullish momentum indicator.

Every price spike to 100 sats has been unable to consolidate or make further gains, leading to a prolonged 200+ day downtrend. Any further lower lows on the DOGE/BTC pair will likely meet buyers who expect the high-reward, low-risk level to act as expected.

Any further lower lows on the DOGE/BTC pair will likely meet buyers who expect a bounce off of recent lows. In the near term, another move above 33 sats should be seen as a leading bullish momentum indicator for DOGE.

Any further lower lows on the DOGE/BTC pair will likely meet buyers who expect the high-reward, low-risk level to act as expected.

While currently sitting near a cycle-low, the DOGE/BTC spot price represents a low-risk, high-reward trading zone for long participants.