- 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 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.
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The currency is recommended for long term traders as the short-term investment might not give the desired result to the traders.