Price Analysis

Dogecoin (DOGE) Indicates the Reversal of Yesterday’s Price Trend

Dogecoin was spotted registering downtrend from the last few days. The currency usually shields itself from the volatility of the market, but yesterday, it couldn’t resist. Today, Dogecoin’s price is locked around $0.00201. The coin gets vastly affected by Bitcoin which is likely to grow too. The price is speculated to improve in some hours. The intraday traders might expect a better day ahead.

Dogecoin Price Prediction

Yesterday, the price of Dogecoin started dealing at $0.002032. The price slipped to $0.001937 from $0.002031 by 4.68%. Further, the DOGE price escalated and touched $0.002098 from $0.001932 by 8.60%. Then, the price slipped to $0.002012 during the closing hours. The intraday movement in Dogecoin reflected a marginal regression of 0.95%.

Dogecoin News
DOGE/USD Chart By TradingView

DOGE has breached the immediate support level at $0.00205. The coin is positioned at the next support level at $0.00201. As per the current trend noticed, there is a possibility of improvement in Dogecoin value. The coin may trade towards the immediate resistance level at $0.0021.

The traders interested in Dogecoin are recommended to opt for long-term investment. The same would bring the desired result to the traders.

Resistance LevelPrice
R1$0.002112
R2$0.002136
R3$0.002174
Support LevelPrice
S1$0.00205
S2$0.002012
S3$0.001988
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.

Related Articles

Back to top button
Close