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Dogecoin

Dogecoin Price Rallies by 4% and Touches $0.0024

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  • 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 Price Analysis
Dogecoin Price Chart by TradingView

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.

Source.cryptonewsz.

Dogecoin

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

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  • 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

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Dogecoin

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

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  • 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

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Dogecoin

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

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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.

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