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Price Analysis

Dogecoin Exhibits Downtrend on the Second Day in the Row

  • Dogecoin deals with a bearish trend; dropped by 8.29%

Dogecoin (DOGE) gets influenced by Bitcoin, but today it seems to walk on a different path. Bitcoin is dealing at a profit whereas Dogecoin is in a loss. It looks like Dogecoin would deal at a similar level for the rest of the day. If we look at yesterday’s chart, Dogecoin was seen dealing at a volume of $42,121,830. The currency touched a low at $0.002411 and a high at $0.002314.

Dogecoin Price Analysis:

Dogecoin Price
Dogecoin Chart By TradingView

The chart is taken from Bittrex on October 03, 2019, at 11:46:01 UTC. Yesterday, Dogecoin started dealing at $0.0024 and the coin fell to $0.0023 by 4.48%. Further, the currency took another drop from $0.0024 to $0.0022 by 7.49%. There was a slight improvement in the price but again dropped by 6.36%. The intraday movement booked a regression of 2.61% as it closed at $0.00235. Today, DOGE is seen booking loss on the price chart; It slipped from $0.0023 to $0.0022 by 5.04%. Further, there was a slight improvement. Later, the price felt a pullback and DOGE dropped to $0.0022 from $0.0023 by 4.60%.

Dogecoin price is said to have a great future as the currency has shown great potential during the recent fall. The major uptrend in Dogecoin (DOGE) is speculated to take place next year. The ongoing year is likely to close with a recovery.

We would suggest the traders go for long-term investment as might bring a colossal profit.

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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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