Dogecoin’s high market volatility of the last seven days seems to have stretched further. Over the last 24 hours, it has deteriorated its condition and sought the first support at 0.00203 USD. It may have to wait longer than expected to witness any solid growth.
Dogecoin Price Analysis:
Dogecoin gave a huge shock by opening the day with a bearish note. Between 00:07 and 11:37 UTC; it dropped by 7.36% to lock itself at the lowest of the day at 0.001931 USD. At 11:37 UTC, Dogecoin tried to build some momentum and could elevate its value by 8.49% by 13:04 UTC. The last variation happened between 14:57 & 02:09 UTC today. Over these 11 hours and 12 minutes, Dogecoin could shoot its price to 0.002119 USD by 9.41% hike.
Dogecoin’s 20 days MA is now at 0.00209667 USD, whereas it’s 50 days MA stands at 0.00207645 USD. The current price of Dogecoin remains at 0.00203973 USD, which is 1.76% and 2.71% less than the 50 days MA and 20 days MA respectively. As per the current trend and past performance of Dogecoin, it is likely to turn the tables anytime soon. It may further trade around $0.0209.
Resistance & Support Levels
R1- $0.002074667, R2- $0.002096333, R3- $0.002117667
S1- $0.002031667, S2- $0.002010333, S3- $0.001988667