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 DOGE coin forecast, this high figure could not be sustained for long and faced a price drop of 5.51% by 03:30 UTC.
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