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Price Analysis

Dogecoin Faces a Minimal Drop of 2%; Falls to $0.0023

In the last 24 hours, Dogecoin has lost almost 2%. From $0.0026 to it has fallen to $0.0023 in few days. Here is an analysis of the five price swings of the coin for the day.

Dogecoin Price Analysis

Dogecoin took a shift between 00:25 UTC and 04:54 UTC, and this shift cost the coin $0.0001 and placed it at $0.00236356. It was followed by a price recovery by 4.28%, and this recovery made an addition of $0.0001 and pushed the Dogecoin price to $0.00246338. The next variation is an important one as it pushed the DOGE to the lowest of the day at $0.00229356 after a 6.88% fall by 19:45 UTC. It was followed by an increment of 7.06%, and this increment happened between 19:45 UTC and 00:16 UTC and this increment added $0.00016 to the DOGE. The latest swing of the coin was a price fall of 5.49% and by 03:35 UTC, it cut $0.0001 from the coin and placed the price of DOGE at $0.00231941.

Dogecoin to USD Price Chart

Dogecoin(DOGE)

Dogecoin Chart By TradingView

Yesterday’s price movement of Dogecoin can be termed as a gradual fall, and it has gone exactly as per the market trend. DOGE may get bullish in the medium-term, but no short-term push is imminent. Following are the most probable resistance and support levels, which traders should consider for safer trading:

R1: $0.002480667, R2: $0.002524333 and R3: $0.002559667

S1: $0.002401667, S2: $0.002366333 and S3: $0.002322667

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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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