Dogecoin (DOGE) Gets No Respite from the Bearish Grip

Dogecoin has continued its struggle and breached its major support. Over the last 24 hours, it has been down by 2.91%, and the market sentiment on DOGE may remain the same for the next few days.

Dogecoin Price Prediction

Dogecoin was being traded at $0.00204459 at the starting of the day, and its first swing started at 00:22 UTC. Over the next 14 hours, Dogecoin managed a 5.16% hike that added $0.00010146 and placed it at $0.00206706. The next few hours gave mild shocks to the investors due to volatility. However, another boost happened between 15:03 & 20:20 UTC. This swing added $0.00010723 to the value and pushed Dogecoin price to the highest for the day at $0.00209666. Apparently, according to Dogecoin Prediction, this high figure could not be sustained for long and faced a price drop of 5.51% by 03:30 UTC.

DOGE News
DOGE/USD Chart By TradingView

Dogecoin’s current price is yet to go near its 50 days MA ($0.00200547) and 20 days MA ($0.00201325). It hints at the continuation of moderate movement with no significant changes in the near-term. Investors are advised to trade cautiously to avoid any misfortunes.

Resistance & Support Levels

R1- $0.002102, R2- $0.002137, R3- $0.002160

S1- $0.002044, S2- $0.002021, S3- $0.001986

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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