Price Analysis

Dogecoin Faces a 2.5% Slump Overnight

  • Dogecoin loses 2.5% in the last 24 hours.
  • The next resistance may come by 0.002454 USD.

Dogecoin has been hit miserably to lose 2.5% over the last 24 hours. The value has now fallen to 0.00231 USD. It has shown three major price variations in the last 24 hours.

Dogecoin Price Analysis

Dogecoin opened the day trading at 0.00237598 USD, and the first swing started at 00:32 UTC, and over the next 14 hours, it went on to add 0.001 USD and got placed at 0.00244352 USD. The next swing was a steep fall of 6.40%, and it made DOGE to be placed at 0.00228704 USD by 15:05 UTC. From 15:05 UTC, DOGE started showing signs of strength, and by 22:33 UTC, it went touching 0.00241419 USD.

The current market cap of DOGE stands at 288.2 million USD, which is way below its market cap of October 09 at 290.2 million USD. The market cap has been through huge volatility in the last few days just like Dogecoin’s price against USD.

Dogecoin Price
Dogecoin Chart By TradingView

Dogecoin’s current price trend is reeling under both its 50-day average and 20-day average. In the coming few days, Dogecoin may not see any quick turnarounds, and the next resistance may fall at 0.002454 USD.

Resistance & Support Levels-

R1- $0.002421, R2- $0.002454, R3- $0.002506

S1- $0.002336, S2- $0.002284, S3- $0.002251

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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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