Price Analysis

Dogecoin (DOGE) Indicates Positive Traits of Price Rally

Dogecoin is seen trading upwards. The upside movement in the coin seems to stay longer this time. The month began with heavy volatility. The fluctuation has affected a lot of coins distinctively.

Dogecoin is known for following Bitcoin in the market. However, the current scenario is telling a different story. Dogecoin is booking profits and is expected to keep it similar for some time.

Dogecoin Price Analysis:

Last month, Dogecoin started at $0.002406. The price moved up from $0.002406 to $0.002706 by 12.49%. The uptrend couldn’t stay in the coin, and the price fell to $0.0023 with a regression of 13.61%. DOGE price jumped to $0.002863 by 22.38% immediately after the fall. There was another major fall that took the Dogecoin price down to $0.001921 by 32.97%.

The last few days experienced a recovery. The price reached $0.002406 and closed the month. The ongoing month began with a slight upsurge. Dogecoin moved from $0.002406 to $0.002555 by 6.19%. Later, the price fell to $0.002156 by 15.62%. Lately, there was an escalation observed that brought the price to $0.002676 by 24.11%.

Dogecoin Price Chart
Dogecoin Chart By TradingView

The MACD line crossed the red one in the upward direction. The same indicates a rise in the forthcoming time. The traders can expect an upsurge in Dogecoin’s price in the coming time.

Dogecoin is moving towards the immediate resistance level. We are anticipating that it would breach the next resistance level too. Here is the list of calculated resistance and support levels.

Resistance Level Price Support Level Price
R1$0.002645S1$0.002437
R2$0.002744S2$0.002328
R3$0.002853S3$0.002229

The future of the DOGE is expected to prosperous. The traders can dig-in with a prospect of profit. We would recommend the traders to opt for long-term investment. The specified period would give a maximum result.

Tags

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.
Back to top button
Close