- Dogecoin (DOGE) price is marking heavy volatility in the price.
- The day might end on a positive note.
Dogecoin is often seen moving on the footsteps of Bitcoin. In recent days, the currency is showing a distinctive move than Bitcoin. The same is quite impressive, but all is this happening amidst great fluctuation so, the same could get over with the volatility. In today’s price movement, the day started with profit numbers. Soon, the coin turned red and now it is green again.
Let’s have a look at the Dogecoin price chart.
Dogecoin Price Analysis:
Dogecoin price is moving haphazardly since the beginning of the day. If we talk about yesterday, the price opened at $0.00254 and closed at $0.00284. There was a hefty recovery in the price. There were anticipations that the uptrend would continue for some time, but today, the movement has taken the traders by surprise.
Amid the heavy fluctuation, the prediction of Dogecoin of the future becomes difficult. Thus, we would recommend that the traders should hold on to their investment for some time.
Resistance Level | Price | Support Level | Price |
R1 | $0.002928 | S1 | $0.002586 |
R2 | $0.003101 | S2 | $0.002417 |
R3 | $0.00327 | S3 | $0.002244 |
As per the graph, the coin has already violated the immediate support level. Somehow, DOGE is now moving towards the immediate resistance level at $0.0029.