Dogecoin (DOGE) may be most famous as a joke. In the five years since its initial release, however, it has developed an active following who regularly uses the cryptocurrency for online tipping. Furthermore, Dogecoin has raised money for numerous charitable efforts.
As time passes, the coin continues to thrive. Will it be able to continue surviving into the future or will Dogecoin prove to be just another bad joke?
Key Highlights For March 5, 2019
- The price made a swing low at $0.018.
- A gradual recovery took it to the previous high at $0.0022.
- The $0.0022 high was reached four times, creating a resistance line.
- There are support areas at $0.0194 and $0.0181.
- There is bullish divergence developing in the MACD.
- The price is trading at $0.002.
Horizontal Resistance Line
The price of DOGE on Binance is analyzed in 4-Hours intervals from Jan 15 to Mar 5, 2019.
Possible Support Line

The Inverted Head And Shoulders

- First, the price falls to a swing low and then rises.
- Then the price falls to a lower low.
- Subsequently, a rise brings the price up to its initial level.
- Finally, the price falls again but not as far as the second low.
Making Sense Of It All
The Moving Average Convergence Divergence (MACD) explores the relationship between two moving averages (long and short-term) and the price. It is used to measure gauge the strength of a move.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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