Connect with us

Dogecoin

Bears Accompany Dogecoin with a 7.7% Loss Overnight

Published

on

  • 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 Price
Dogecoin Chart By TradingView

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 Resistance$0.002378
2nd Resistance$0.002424
3rd Resistance$0.002448
1st Support Level$0.002308
2nd Support Level$0.002284
3rd Support Level$0.002238

Source.cryptonewsz.

Dogecoin

Dogecoin (DOGE) Trades in the Midrange with a Slight Bullish Crossover

Published

on

  • Dogecoin currently trades at $0.00258, with a slight bullish crossover
  • Within the past 1 month, DOGE has traded in the price range of $0.00230–$0.00310

Dogecoin Price Analysis

Analyzing the 4-hourly movement of DOGE/USD on the exchange of Bittrex over the past 1 month, we see that the coin was trading at $0.00272 initially. With a snowball slide in the same trading week, Dogecoin price slid by over 15% to trade at $0.00230.

However, the green up trending candle formation immediately led the coin to trade at the highest price in the mentioned time frame at $0.00310. This was an exceptional 34.7% growth within just no time to temporarily mount.

Dogecoin Price
DOGE Chart By TradingView

The price trend was then followed by a downtrend, wherein the price of the coin slid to $0.0024 at the onset of November 2019. After having made a constant attempt to rise, DOGE price went as high as $0.00292. And, since then, it is on a continual downswing thereafter.

Dogecoin currently trades with solid selling pressure as it slid down rapidly from trading around $0.0029. Also, holds no support from either the short-term or long-term moving averages.

Technical Indicators

The MACD of Dogecoin is below zero but holds a slight bullish crossover as the price trend holds the green candle formation.

Source: cryptonewsz

Continue Reading

Dogecoin

Dogecoin (DOGE) Maintains Stability Above its Recent Low-swing

Published

on

  • Dogecoin has traded above its price plunge near $0.0025
  • The coin has escalated by more than 7%
  • DOGE price has corrected down from its high price point of $0.0027

Over a day, Dogecoin has faced a considerable price drop, followed by a recovery. Currently, the coin is trading within the price range of $0.0026 and $0.0027. Meanwhile, Bitcoin has dropped to $8476.01, breaching support near $8500. Dogecoin has continued its falling trend for a whole week except for the recent rebound.

DOGE opened at $0.00259 yesterday, after which it took a surge to $0.00269. Later, the coin corrected down to $0.00257 before it started oscillating between $0.0026 and $0.0025. At 14:30 UTC, Dogecoin heavily dropped to $0.00252, with a decline of 5.91%. After remaining in the bearish zone for a few hours, the coin took a rebound and went above $0.0027, with an increase of 7.78%. Since then, the coin has kept the stable momentum intact. At present, the coin is trading at $0.00262 at 05:24:25 UTC.

DOGE/USD Price Chart

Dogecoin Price
DOGE Chart By TradingView

SMA lines are giving a bit negative out-look as the short term SMA line is below the long term SMA line. The MACD line has just moved above the signal line, noting a positive price move. Meanwhile, RSI is near 44, indicating the stable phase. Dogecoin may face resistance at $0.00263, $0.00262 and $0.00263 and support levels at $0.00263, $0.00262 and $0.00263.

Source: cryptonewsz

Continue Reading

Dogecoin

Dogecoin (DOGE) Records 5.79% Fall Due to Market Pressure

Published

on

Dogecoin is battling from the heavy market pressure from a long time. Despite the current downward movement in the DOGE, the traders are quite hopeful for a better future. The current market condition is quite disappointing as the price has fallen to $0.0025 mark.

Dogecoin Price Prediction

Yesterday, Dogecoin started dealing at $0.00272273. The price felt a pullback since the opening hours and hence dropped to $0.00256543 by 5.7%. In the later hours, the currency improved and took the Dogecoin price to $0.00268945 by 4.53%. The coin kept moving around the same level for the rest of the day. DOGE closed the day at $0.00267. The intraday movement brought 1.76% loss. Today, Dogecoin opened at $0.002677. The price shifted to $0.002553 within the first few hours. The regression marked in the coin was 4.55%.

Dogecoin Price
DOGE Chart By TradingView

Dogecoin is currently dealing at $0.002565. As per the calculated resistance and support levels, the coin has breached the immediate support and the next support level and is presently trading below the major support level. Hence, there is not much hope of improvement for the intraday traders.

Resistance LevelPriceSupport LevelPrice
R1$0.002705S1$0.002649
R2$0.002729S2$0.002617
R3$0.002761S3$0.002593

Dogecoin holds a high potential for improvement in the future. We are also quite positive about that. We would recommend the traders to dig-in for a long-term period. There is speculation that the short-term investment would not bring the desired result to the traders.

Source.cryptonewsz.

Continue Reading
Open

Close