Price Analysis

Dogecoin Breaks the Sluggish Trend; Increased by 2.74% Overnight

  • Dogecoin gets a 2.74% head start to break its long-stretched downtrend and reached $0.002144
  • The upcoming days may see the sustenance of this recent hike, and it may fall to the resistance of $0.002294

DOGE price is now being traded at 0.00214492 USD, and over the last 24 hours, it has fetched a 2.74% hike. Over this period, DOGE has shown three major price variations in the range between 0.00223 USD and 0.00208 USD.

Dogecoin Price Prediction:

Dogecoin price today opened the day at 0.00215383 USD, and its first major price swing happened between 00:22 & 13:13 UTC. Over these 12 hours and 51 minutes, the currency gained 7.14% to add 0.00014 USD and got placed at 0.00223671 USD, the highest for the day. It was followed by a 5.40% decline in the value that cost it 0.00012 USD and pushed it to 0.00211 USD. The last variation happened between 17:05 UTC and 02:06 UTC, and this swing of 5.51% helped DOGE to scale as high as 0.002231 USD.

Dogecoin (DOGE) Chart
DOGE/USD Price Chart by TradingView

DOGE’s market cap has shown a huge rise over the last 24 hours, and it is currently at 272.777 million USD from yesterday’s value at 271.958 million USD.

The 20 days MA is now at 0.00217016 USD, and it’s 50 days MA stands at 0.00218683 USD. The current price of Dogecoin at 0.00214492 USD is 1.91% and 1.16% less than the 50 days & 20 days moving averages, respectively. Sustaining the recent hike would be a huge task for DOGE, and over the next few days, it may soon touch the resistance point at 0.00229 USD.

Dogecoin (DOGE)Resistance & Support Levels
1st Resistance$0.002294
2nd Resistance$0.002366
3rd Resistance$0.002427
1st Support$0.002161
2nd Support$0.002100
3rd Support$0.002028
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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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