- Dogecoin loses 1.5% in the last 24 hours.
- The impact may not last long; resistance may come at 0.002548 USD.
Dogecoin has received a big blow after yesterday’s fall of many major coins. It is down by almost 1.5% in the last 24 hours, and the four price swings made the scale look volatile. However, the medium-term outlook may get bullish.
Dogecoin to USD Price Analysis-
The first swing happened between 00:21 UTC and 12:05 UTC and this swing deducted 0.0001 USD from Dogecoin. At 12:05 UTC, DOGE was being traded at 0.0023 USD, the lowest point for the day. Later, in the next 24 minutes, it got hiked by 8.91% and reached 0.00254080 USD, the top point of Dogecoin for the day. But this high figure could not be sustained for long, and it took another drop by 8.30% and touched 0.00233029 USD by 20:09 UTC. The last swing for DOGE happened between 20:09 and 04:46 UTC of today. This swing had a break at 0.00248252 USD, and it gave an overall hike of 5.24%.
Dogecoin Price Prediction-
Dogecoin may be considered a relatively stablecoin, but this time the market slowdown seems to have impacted it to the core. However, this situation is not going to last for long. In the medium-term, it is likely to get a price rally. The next resistance may come at 0.002548 USD.
Resistance & Support Levels-
R1- $0.002487333, R2- $0.002519667, R3- $0.002548333
S1- $0.002426333, S2- $0.002397667, S3- $0.002365333
Dogecoin (DOGE) Indicates Positive Traits of Price Rally
Dogecoin is seen trading upwards. The upside movement in the coin seems to stay longer this time. The month began with heavy volatility. The fluctuation has affected a lot of coins distinctively.
Dogecoin is known for following Bitcoin in the market. However, the current scenario is telling a different story. Dogecoin is booking profits and is expected to keep it similar for some time.
Dogecoin Price Analysis:
Last month, Dogecoin started at $0.002406. The price moved up from $0.002406 to $0.002706 by 12.49%. The uptrend couldn’t stay in the coin, and the price fell to $0.0023 with a regression of 13.61%. DOGE price jumped to $0.002863 by 22.38% immediately after the fall. There was another major fall that took the Dogecoin price down to $0.001921 by 32.97%.
The last few days experienced a recovery. The price reached $0.002406 and closed the month. The ongoing month began with a slight upsurge. Dogecoin moved from $0.002406 to $0.002555 by 6.19%. Later, the price fell to $0.002156 by 15.62%. Lately, there was an escalation observed that brought the price to $0.002676 by 24.11%.
The MACD line crossed the red one in the upward direction. The same indicates a rise in the forthcoming time. The traders can expect an upsurge in Dogecoin’s price in the coming time.
Dogecoin is moving towards the immediate resistance level. We are anticipating that it would breach the next resistance level too. Here is the list of calculated resistance and support levels.
|Resistance Level||Price||Support Level||Price|
The future of the DOGE is expected to prosperous. The traders can dig-in with a prospect of profit. We would recommend the traders to opt for long-term investment. The specified period would give a maximum result.
Dogecoin Price Rallies by 4% and Touches $0.0024
- Dogecoin price to break R2 at $0.002417
- The intraday price movement looks promising
Dogecoin (DOGE) price has rallied by 4% since the opening hours until the time of writing and the currency is on the upward spree. It looks like the intraday traders are going to experience a marvelous day. There was a resistance level created at $0.002379 while the pivot point was $0.002344. The currency breached $0.002379 and is heading to cross $0.002417. The current price is noted around $0.002415. It is speculated that Dogecoin would be crossing R3 at $0.002452 soon. Let’s take a look at the price chart.
Dogecoin Price Analysis:
Dogecoin started trading around $0.0029 on August 01, 2019. The price escalated to $0.032 by 19.46%. Later, the price fell tremendously by 24.21% to $0.0024. The price hiked to $0.0029 by 19.77%. The price started moving down to $0.0023 by 19.48%. The month closed with a fall of 15.21% at $0.0025. The month of September experienced a hike within the first few days. The price hiked from $0.0025 to $0.0027 by 8.52%. Later, the price jumped again $0.0023 to $0.0028 by 22.84%. Dogecoin again fell to $0.0019 by 32.62%. Last few days took the price to $0.0025 from $0.0019 by 33.14%. The month recorded a slight upsurge of 2.06%. The ongoing month started dealing at $0.0025 and the price fell to $0.0021 by 14.30% with the price is seen moving around $0.0024.
Dogecoin was seen improving in the last month AS There was a moderate upsurge. The ongoing month has been fluctuating, but looks like by the end of the same there would a healthy improvement. The coin is usually seen having a concurrent motion with Bitcoin, and it is anticipated that it would bring the price rally in the market. Dogecoin could be seen walking up with the same.
Dogecoin is likely to give the best result to the long-term traders. The traders can dig-in with a high prospect of return.
Bears Accompany Dogecoin with a 7.7% Loss Overnight
- Dogecoin loses 7.7% over the last 24 hours
- The next support awaits at 0.002238 USD
Dogecoin has faced a 7.7% slump over the last 24 hours, and the value has now fallen to 0.0022 USD. The three price swings have shown huge volatility in the DOGE price movement against USD.
Dogecoin Price Analysis:
Dogecoin had its first swing between 00:07 UTC and 12:47 UTC, which pushed the value to 0.00228700 USD. The second price variation started at 14:07 UTC, and over the next 4 hours and 38 minutes, it went on to lose 0.0001629 USD and reached 0.00222134 USD. From there DOGE strengthened and added 0.00009 USD and reached 0.00231865 USD today.
The price pattern of Dogecoin over the last seven days is full of price fluctuations. The range of values lies between 0.0024 USD and 0.0022 USD. The current market cap of DOGE stands at 284.77 million USD, with 24h volume at 47,745,499 USD.
Dogecoin’s 50-day average is trending above its 20-day average, and the current price trend has been trailing much below the two averages. The upcoming days may become bearish for the coin, and it may soon seek the support of 0.002238 USD.
|Dogecoin (DOGE)||Resistance & Support Levels|
|1st Support Level||$0.002308|
|2nd Support Level||$0.002284|
|3rd Support Level||$0.002238|