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Price Analysis

Dogecoin (DOGE) Sticks To The Fall; Price Drops To $0.0024

Dogecoin is seen falling from quite a long time. The coin was trying to struggle back to the top, but couldn’t. The market is also seen dripping today. Almost all the coins in the market are drenched in blood. There is not much expectation of recovery from the rest of the day.

However, Dogecoin is reflecting positive indications of embarking uptrend in the coming month. The traders are looking for the same. Let’s have a look at the DOGE chart to understand the current momentum of the coin more precisely.

DOGE to USD Price Comparison:

The chart is taken from TradingView on 29th August 2019, at 09:17:26 UTC.

Dogecoin Price
Dogecoin Chart by TradingView

Yesterday, the coin opened at $0.0026. Dogecoin price kept dealing at the same digit for almost 16hrs. There was a heavy drop witnessed, which took the price from $0.0026 to $0.0024. The regression was of 8.61%. The coin closed at $0.0024. The coin closed at the same level with an intraday regression of 8.18%. Today, the DOGE was seen dealing at $0.002481. DOGE took a deep drive of 5.98% where the price changed from $0.002481 to $0.002332. DOGE is now trading at $0.002449.

Current Statistics of Dogecoin:

  • Dogecoin price is trading at $0.002449.
  • ROI is marked at 330.83%.
  • Circulating Supply has 120,981,612,398 DOGE.
  • The Market Cap is marked as 291,246,737 USD.
  • The 24-hour volume is noted 25,956,249 USD.

Dogecoin Price Prediction and Conclusion:

Dogecoin price has shown remarkable potential in the past couple of weeks. The coin is presently widely under market pressure. If we compare the price of DOGE during the opening of the month, which was at $0.0029 and now it is at $0.0024. The regression in the DOGE price is marked as 17% in the last 30 days. Presently, the exact price prediction of DOGE would be completely vague. Hence, the traders are recommended to stay put and wait for some stability in the market.

The altcoin market is expected to close the month with a loss. Dogecoin also seems to have a similar trend. We would suggest waiting for improvement before investing.

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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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