Dogecoin (DOGE) Price Gets Attacked by the Bears; Price Hovers Around $0.0024

  • Dogecoin price drops with its intraday movement
  • The bearish trend affects the momentum of the coin

Dogecoin (DOGE) price registers a loss since the start of the day, today. The past couple of days were quite fascinating for the traders. The coin showed a contrary move when compared to the market as a whole. Usually, DOGE has a concurrent movement with Bitcoin in the market, but due to the heavy fluctuation, Bitcoin lost its pace, and Dogecoin mounted in terms of price.

Let’s have a look at the intraday chart of Dogecoin to understand the movement in price.

Dogecoin Price Analysis:

The currency started trading at $0.00272. Dogecoin reflected an upsurge and took the price to $0.0027 from $0.0026 by 6.59%. Later, the price fell by 6.20% and again touched $0.0026. Further, the coin was seen touching $0.0025 from $0.0027 by 6.36%. The coin shifted down and closed the day at $0.0024, marking an intraday loss of 8.35%. Today, DOGE began the day trading at $0.0024. However, the price fell from $0.0025 to $0.0024 in later hours while the coin trades at $0.0024.

Dogecoin PriceDogecoin has marked escalations during the heavy fluctuations in the market. The same is considered as a positive sign for the future. The traders might book profit in the upcoming time.

However, while going through the DOGE forecast chart, we will suggest that the currency is recommended for long-term traders as the short-term investment might not give the desired result to the traders.

Resistance Level Price Support Level Price
R1 $0.002923 S1 $0.002491
R2 $0.00285 S2 $0.002418
R3 $0.002923 S3 $0.002275


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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