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Price Analysis

Dogecoin (DOGE) Got Mauled by the Bear, Falls to $0.0020

  • Dogecoin lost almost 4% in the last one day and reached $0.0020.
  • The next resistance may fall at $0.0022.

The price of Dogecoin has been down by 4% over the 24 hours, and with huge variations, the value has now fallen to 0.00206 USD. The five price swings have given a range of 0.0022 USD and 0.0020 USD.

Dogecoin Price Analysis

Dogecoin witnessed its first swing between 01:05 UTC and 08:52 UTC and this swing took the DOGE price from 0.0022 USD to 0.0020 USD. It was followed by a hike of 6.52% that added 0.0001 USD, and this hike pushed Dogecoin price to 0.0021 USD by 14:05 UTC. The third variation happened over the next 2 hours and 11 minutes and this swing cost 0.0001 USD to place the value at 0.0020 USD again. However, the volatility of DOGE again took a tall of 8.21%; it soared as high as 0.00223875 USD by 22:06 UTC. Towards the closing of the day, it took a downward movement and touched 0.00209372 USD by 03:36 UTC today.

Dogecoin Price
Dogecoin Chart By TradingView

Dogecoin’s current price is above its 20 days and 50 days moving average, and it shows that DOGE is in a process to welcome the recovery soon. The value in the short-term may rise with a medium-term bullish outlook. The next resistance may come at 0.00225 USD for Dogecoin.

Resistance and Support Levels

R1- $0.002256, R2- $0.002316, R3- $0.002389

S1- $0.002123, S2- $0.002050, S3- $0.001990

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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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