Price Analysis

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. This high figure could not be sustained for long and faced a price drop of 5.51% by 03:30 UTC.

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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