Is It Advisable to Sell Dogecoin (DOGE) on Saturday?

Dogecoin has received an average long-term technical score of 46 from InvestorsObserver’s proprietary scoring system, based on recent months to a year of the coin’s support and resistance levels, and its relation to long-term averages. The score indicates a bearish outlook for the coin’s long-term trading prospects. Dogecoin’s price is currently 10.13% below its 100-day moving average price of $0.080, and it is 219,707.1% higher than its 52-week low of $0.05, while 5,573.74% under its 52-week high of $0.18. DOGE currently ranks better than 46% of cryptocurrencies in circulation in terms of its long-term rank, making it an ideal investment opportunity for buy-and-hold investors. The combined high long and short-term technical scores also make it an attractive bet for portfolio managers looking to discover coins that have bottomed out.

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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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