• DOGE traded with over 1% price increase before dropping below it.
• DOGE can now be stored and traded on Robinhood.

Robinhood recently added Dogecoin [DOGE] to its list of supported digital assets. Although Dogecoin wasn’t the sole addition to the platform, it and other memecoins typically respond to such developments. However, did it follow the same pattern this time?

– How much are 1,10,100 DOGEs worth today

Dogecoin sees a slight uptrend

Over the last three days, Dogecoin experienced a daily increase of over 5% based on the daily timeframe chart. The six-hour timeframe chart revealed a price uptrend of over 1.5% on 31 August. As of this writing, it was trading at approximately $0.06, having retraced some of its gains on the longer timeframe. 

The Moving Average Convergence Divergence (MACD) indicated a bullish divergence despite the price drop. However, this positive trend had not yet been mirrored in the Relative Strength Index (RSI). At press time, the RSI remained below the neutral line.

Despite the price decrease observed on 30 August, the trend was the most favorable in recent weeks. Could this possibly be linked to a recent announcement from Robinhood?

Robinhood adds support for Dogecoin

On 30 August, Robinhood announced the inclusion of Dogecoin and other cryptocurrencies, such as Bitcoin [BTC], into its pl

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Author: Adewale Olarinde

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