Dogecoin, Mina & Compound Market Price Study - Analysis.

Dogecoin, Mina & Compound Market Price Study - Analysis.

2021-12-11 | Daniel Smith

Dogecoin, Mina & Compound Market Price Study - Analysis.

Dogecoin' adverse price movement has become more pronounced, as the coin has indeed been trading at a multi-week low. The cryptocurrency was valued at $0.172, with an instant support level of $0.161. Over the last week, the Dogecoin price has stayed wedged between $0.188 and $0.161. The coin's trend lines also indicated a negative trend.

DOGE/USD Graph Within a 1 Day time frame

doge DOGE/USD 1 DAY PRICE CHART: SOURCE- COINMARKETCAP.COM The Relative Strength Index fell underneath the half-line, indicating that sellers outnumbered purchasers in the market. Capital inflows also have decreased as a result of the sustained decline in purchasing pressure, as shown by the Chaikin Money Flow index. The Bollinger Bands were narrowing, suggesting that the volatility of the Dogecoin price may remain modest in the next market hours. Further opposition was found around $0.223 and $0.263.

COMP/USD Graph In The 4-hour Time Frame



Composite was traded at $188.72 and had dropped 4.31% of its value in the previous 24 hours. The coin received $188.40 in community patronage. Following a week of trading sideways, purchasing momentum was noticeably low, as measured by the Relative Strength Index. The signal was positioned in bearish territory beneath the zero-line, suggesting additional selling force. The Aroon-Down passed well over Aroon-Up, indicating a decline that the coin has been experiencing in recent weeks. Bollinger Bands were thin, indicating little price volatility at the time. If Compound's purchasing momentum returns to the market, the coin's initial barrier was at $234.46, followed by $274.89, the coin's one-week high.

MINA/USD Graph In The 4-hour Time Span



Mina was priced at $3.54 and had dropped 2.68 percent on the listings in the previous 24 hours. The coin's initial support level was $3.57, followed by $3.35. Mina was traded at a multi-month low price level at the time of writing. The coin's prospects were bleak. On the four-hour chart, the coin's price was well beneath the 20-SMA, indicating that price momentum was favoring sellers. The dashed line of the Parabolic SAR was visible just above price candlesticks, indicating a price downturn. The Relative Strength Index was spotted positioned beneath the half-line, into the bearish zone, after temporarily being in the bullish zone in recent days. In the market sellers outnumbered purchasers.

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