Price Analysis

Dogecoin (DOGE) Exhibits Price Plunge after Facing Volatility

  • Dogecoin (DOGE) price reaches to the immediate support level.
  • The price movement doesn’t seem to flourish for intraday traders.

Dogecoin price has been spotted paralyzed around $0.0026 lately. The 7-day chart is indicating a very tight movement in price around the same. This could be the result of the recent market volatility. Dogecoin is known for holding up tightly at the support levels. Well, alongside, the coin also comes under the market pressure. Today’s downfall is likely because of the same.

As per yesterday’s statistics, Dogecoin was seen touching a high at $0.002650 and a low at $0.002615. The volume was marked as $88,212,203.

DOGE to USD Price Chart:

Dogecoin Price
Dogecoin Chart By TradingView

Yesterday, DOGE started dealing at $0.00251. The price escalated to $0.00264 from $0.00250 by 5.58%. After touching a high, DOGE price started dropping. The fall took the price to $0.00250 from $0.00261 by 4.47%. The intraday movement in the coin indicated a progression of 4.09%. The coin closed the day at $0.00262. Today, Dogecoin started falling from the beginning of the day. The price slipped from $0.00262 to $0.00249. The current price of Dogecoin is $0.00260.

Dogecoin Price Prediction:

Dogecoin is a high potential coin. It is speculated that the future of the coin is great. The traders can dig-in with a high prospect of return. As per the current scenario, DOGE is indicating a fall in the price. Dogecoin has already breached the immediate support level at $0.002612 and has a strong chance to violate the next support level too.

Resistance LevelPrice
R1$0.002647
R2$0.00266
R3$0.002682
Support LevelPrice
S1$0.002612
S2$0.002596
S3$0.002577

The traders interested in Dogecoin are recommended to opt long term investment. The currency is likely to give the best result with the correct timing.

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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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