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Price Analysis

Dogecoin Exhibits Solidity Amidst the Fluctuating Market

  • Dogecoin registers a fall during the intraday trading.
  • The last quarter shakes the market, but DOGE reflects firmness.

The market has been experiencing heavy movement in the price of the coin from the beginning of the month. The bearish-cum-bullish days have shaken the market, but Dogecoin has managed to maintain stability in the price. The coin was trading around $0.0023 for the entire week. The market cap is also seen as hovering around $285 million. We are anticipating that DOGE is gearing up for an upsurge which is soon to take place.

Dogecoin Price Analysis:

Dogecoin Price Chart
Dogecoin Chart By TradingView

Yesterday, Dogecoin (DOGE) started trading around $0.00230 and the price escalated to $0.002418 by 5.09%. There was a slight pullback experienced by when the price fell from $0.002396 to $0.00228 by 4.75%. Towards the end of the day, there was a pickup and drop in the price as the counters moved from $0.002374 to $0.002270 by 4.28%. The recovery in price took it back to $0.002383 by 4.55%. The intraday movement marked a loss of 0.51%. Today, DOGE started the day at a bearish note marking a drop of 3.92% as the price counters moved from $0.0023 to $0.0022.

Dogecoin has shown a remarkable movement in the first two quarters. The coin was spotted having a similar momentum just as Bitcoin during the same period. The fall that took place in the third quarter made DOGE lose tracks and hence suffered a lot. Well, the year is expected to end with a flourishing mark in DOGEand the investment in the coin is expected to bring good result to the investors in the future. As per the current market trend, we would suggest the investors to go for long-term investment as the same would give the maximum result.

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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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