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Price Analysis

Dogecoin Price (DOGE) Recovery Expected to Continue with the Same Momentum

  • Dogecoin escalates with a huge volume on the intraday chart.
  • The price rally seems to commence in a short while.

Dogecoin price recovery brings the coin back to where it started a week ago. The escalation in the price is enormous. The uptrend in the coin is speculated to be stable. Dogecoin was seen suffering in the price chart for a long time. The traders of coin were eagerly waiting for the uptrend. We are quite confident and positive about the price momentum. The intraday traders are anticipated to book huge profits today.

To understand the movement in the price, let’s have a look at the latest statistics.

Current Statistics of Dogecoin:

ParticularsDogecoin (DOGE)
Price$0.002644
Rank29
ROI361.49%
Market cap$312,168,111
24hr volume$38,024,719
Circulating Supply121,064,887,945 DOGE

DOGE to USD Price Comparison:

The Dogecoin price chart taken from TradingView on 04th September 2019 at 08:03:14 UTC.

dogecoin price prediction
DOGE Price Chart by TradingView

Yesterday, the coin opened at $0.0024 then escalated from $0.0024 to $0.0026 by 5.32%. Later, the coin again took another jump from $0.0024 to $0.0026, but this time the progression was of 9.19%. The coin kept trading at $0.0026 for the rest of the day and closed at the same. The intraday progression was of 6.52%. Today, the coin opened at $0.00265, immediately after opening, coin slipped immediately after opening to $0.00250 by 5.78%. The coin recovered afterward and is now trading at $0.0026.

Dogecoin Price Prediction and Conclusion:

Dogecoin price gets widely influenced by Bitcoin. Along with the market, Bitcoin is also moving up. The coin is presently at $10,600. If we talk about intraday price movement, Bitcoin might touch $11000. Dogecoin value is expected to walk in the footsteps of Bitcoin and register a fabulous day.

The traders interested in the coin should opt for long term investment. The specified period might bring massive profits to the traders.

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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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