Price Analysis

Dogecoin Exhibits Fluctuations; Drops to $0.0026

  • Dogecoin loses 4.66% over a day.
  • DOGE’s next halt may come at 0.0028 USD.

Dogecoin (DOGE) struggle in the market has been continued for the second day straight. Over the last 24 hours, it lost 4.66% to touch 0.0026 USD. It has been through four major price swings in this period and the range of the swings has been between 0.0029 USD and 0.0025 USD.

Dogecoin to USD Price Analysis:

Dogecoin Price Chart
Dogecoin Chart By TradingView

Dogecoin opened the day at 0.0027 USD and over the next 1 hour and 44 minutes, it climbed up to 0.0029 USD with a 6.34% hike in the value. This was followed by a freefall of 11.51% that cost it 0.0003 USD and placed the value at 0.0025 USD. Later, it got strengthened at 08:51 UTC and by 18:14 UTC; it gained 0.00019 USD to touch 0.0027 USD. The last swing happened between 18:14 UTC and 02:54 UTC and this swing cost 0.0001 USD and pushed the value to 0.0026 USD.

It should be noted that along with DOGE’s value against USD, the market capitalization also has witnessed a fall. The market cap on October 18, was 329.25 million USD and it is now down to 327.80 million USD.

DOGE’s 20 days average is 0.00238364 USD and its 50 days average stands at 0.00240785 USD. The current price at 0.00261884 USD is 8.76% and 9.86% more than the 50 days average and 20 days average respectively. It may find the next resistance at 0.0028 USD.

Resistance & Support Levels:

Dogecoin (DOGE) 
1st Resistance0.002823333 USD
2nd Resistance0.002940667 USD
3rd Resistance0.003018333 USD
1st Support Level0.002628333 USD
2nd Support Level0.002550667 USD
3rd Support Level0.002433333 USD
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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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