Dogecoin price at $0.0929: why the 200-day line sits at $0.0878 and not at $0.093

Dogecoin price at $0.0929: the 200-day line sits at $0.0878

The starting position in figures, all based on data from CoinGecko on the morning of Sunday, October 4: dogecoin trades at $0.0929. Over 24 hours that is a gain of 0.01 percent, over the week a loss of 2.86 percent, over the month a gain of 6.37 percent. The all-time high of $0.7316 is 87.3 percent above the current price.

The same measurement across the larger assets: bitcoin stands at $84,978, up 0.70 percent over the week and up 4.74 percent over the month; ethereum at $2,692.97, up 0.11 percent and up 7.41 percent; solana at $120.89, up 0.59 percent and up 16.33 percent; XRP at $1.49, down 1.02 percent and up 2.88 percent. Dogecoin is therefore the only one of these five assets that has given back ground over the week. Over the month it sits in the middle of the field.

A 200-day moving average is the mean of the last 200 daily closing prices, and it shifts forward by one day with every new session. It smooths out the daily noise and shows where the average price level lies. The reason it is currently falling for dogecoin is mechanical: the high prices of ...