Price Analysis

Dogecoin (Doge) Marks Price Drop of 5% in a Day

The market registered volatility since the beginning of the month. The same seems to have taken over the market, and now the coins seem unstable. Dogecoin has marked uptrend during the entire week. Today, the Dogecoin value is indicating downside movement. For now, the price is tilted towards the fall. Yesterday, the DOGE price was seen touching a high at $0.002775 and a low at $0.002685.

Dogecoin Price Prediction

Dogecoin started dealing at $0.0027 on October 20. Then, the price fell to $0.002611 from $0.002786 by 6.01%. There was a recovery in the price, but then again, it fell to $0.00261 from $0.002781 by 5.99%. DOGE started moving up again and touched $0.00277. The price fell and then picked up again. The coin went up to $0.0028 from $0.0026 by 6.69%. The day closed at $0.00262, with a loss of 5.53% loss. Today, the price of Dogecoin has remained flat. There is not much movement observed till now.

Dogecoin Price
Dogecoin Chart By TradingView

Dogecoin is currently dealing at $0.002713. And as per the current trend, it may face next support at $0.002685. Conversely, on the upside, it may find the next resistance level at $0.002775. Here is a list of calculated support and resistance levels:

Resistance Level Price
R1$0.002775
R2$0.00282
R3$0.002865
Support Level Price
S1$0.002685
S2$0.00264
S3$0.002595

DOGE is considered to have a great future. The traders of the coin can dig-in with a high prospect. We would recommend the interested traders for a long-term investment. The specified period could bring a colossal profit. We would suggest the traders to break-in the investment in the crypto market to cut short the risk.

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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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