- Dogecoin has traded above its price plunge near $0.0025
- The coin has escalated by more than 7%
- DOGE price has corrected down from its high price point of $0.0027
Over a day, Dogecoin has faced a considerable price drop, followed by a recovery. Currently, the coin is trading within the price range of $0.0026 and $0.0027. Meanwhile, Bitcoin has dropped to $8476.01, breaching support near $8500. Dogecoin has continued its falling trend for a whole week except for the recent rebound. And for future price updates, find more information about Dogecoin price prediction and know what will happen further before it tends to occur.
DOGE opened at $0.00259 yesterday, after which it took a surge to $0.00269. Later, the coin corrected down to $0.00257 before it started oscillating between $0.0026 and $0.0025. At 14:30 UTC, Dogecoin heavily dropped to $0.00252, with a decline of 5.91%. After remaining in the bearish zone for a few hours, the coin took a rebound and went above $0.0027, with an increase of 7.78%. Since then, the coin has kept the stable momentum intact. At present, the coin is trading at $0.00262 at 05:24:25 UTC.
DOGE/USD Price Chart
SMA lines are giving a bit negative out-look as the short term SMA line is below the long term SMA line. The MACD line has just moved above the signal line, noting a positive price move. Meanwhile, RSI is near 44, indicating the stable phase. Dogecoin may face resistance at $0.00263, $0.00262 and $0.00263 and support levels at $0.00263, $0.00262 and $0.00263.