Is DOGE Moving Up or Down on Thursday?

Investment research website InvestorsObserver has given Dogecoin a weak long-term technical score of 29 out of 100. The ranking calculates support and resistance levels, and where Dogecoin sits relative to long-term averages. The result suggests that the cryptocurrency is not currently a strong buy-and-hold investment opportunity. Dogecoin’s price has fallen by 14.94% to $0.07, some $0.110 below its 52-week high, but remains $0.0200 above the 52-week low. The cryptocurrency currently has a total market cap of $9.5bn, and average daily trading volume of $1.99bn. As a subclass of digital money, Dogecoin is intended to maintain value and liquidity over time, establishing it as an asset, commodity or currency.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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