The AIDOGE price is trading near the downward trendline hurdle of $0.000000004300 and is hovering around the 100-day EMA mark. Moreover, the trend is negative, and sellers have persisted in putting pressure on the bulls. The lower low swing structure remained intact, and buyers remained on the back foot. Until the $0.000000004300 was not breached, buyers could not gain momentum, and price action remained negative.
At press time, the ArbDoge token (AIDOGE) price was trading at $0.000000004223 with an intraday drop of 0.12%, reflecting bearishness on the charts. It has a monthly return ratio of -31.20% and 25.30% yearly. Analysts are neutral and suggest that AIDOGE price may continue to drain gains and underperform in the upcoming sessions.
AIDOGE Price Volume Profile Analysis On Daily Chart
The daily AIDOGE price-to-volume profile charts replicate selling pressure in the last trading sessions. Moreover, the trend is negative; sellers have an edge and persist in adding short positions. The intraday trading volume dropped over 33.20% to $11.15 Million.
Price Volatility and Weighted Sentiment Outlook
Following the price retracement, the AIDOGE crypto displays a drop in the price volatility curve of over 11.20% to 0.021. However, the weighted sentiment looks neutral and stayed near the midline around -0.214.
Social Dominance and Social Volume AI Insights
Per the Santiment data, the social dominance data witnessed a decline of over 6.35% to 0.007%, noting a significant decrease in the media discussion reports. However, the social volume AI data noted average movement and stayed near the 1 mark.
Total Amount of Holders and Active Addresses Insights
On the daily charts, the active addresses data witnessed a stable move and stayed around 552, showing a neutral outlook. However, the total amount of holders’ data skyrocketed and surged to 35.1k.
Per the Fib levels, the AIDOGE price is trading below the 38.2% zone and has retested its 23.6% zone. Similarly, the RSI curve stayed in the oversold region, and a positive crossover was noted on the charts. Additionally, the MACD indicator noted a bearish crossover, suggesting a further down move ahead.
The total supply of AIDOGE crypto is 169.46 quadrillion, whereas the volume-to-market cap ratio is 0.156, ranked 429 in market cap in the global crypto market.
Summary
The ArbDoge price trades near the make-or-break region around $0.000000004200, and selling pressure was noted. Moreover, the trend is negative, and buyers remain on the back foot. However, the buyers have started accumulating and eyeing to cross the trendline hurdle of $0.000000004300.
Technical Levels
Support Levels: $0.000000004150 and $0.000000004000
Resistance Levels: $0.000000004350 and $0.000000004500
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2024/04/26/aidoge-price-prediction-can-buyers-dominate-the-battle-ahead/