Price Analysis

Dogecoin (DOGE) Marks Moderate Loss; Price Hovers Around $0.0026

Dogecoin price movement has been disappointing the traders for a long time. The last one week has marked an uptrend, but the same was moderate and looked like the coin was hovering around $0.0026. On October 24, 2019, the price slipped to $0.0024. However, the recovery in the coin started from the next day and took DOGE price to $0.0025, and on October 26, 2019, the price touched $0.0026. Today, the movement seems paralyzed around $0.0026. There is not much movement expected in Dogecoin as of now.

Dogecoin Price Prediction

The intraday Dogecoin chart is reflecting a moderate movement in the price. Yesterday, it started dealing at $0.002665. The coin reflected a fall in the later hours from $0.002671 to $0.002516 by 5.84%. The price immediately recovered and went up to $0.002703 by 7.61%. Then, Dogecoin recorded a moderate fall and closed at $0.002649 with an intraday regression of 0.58%. Today, the price started dealing at $0.00264. Then, the currency reflected a fall of 4.58% from $0.002656 to $0.002534. DOGE price started improving after the fall.

Dogecoin
Dogecoin Price Chart by TradingView

Dogecoin has shown great potential in the past. The currency jumped to $0.0044 in July. The price of the coin started falling since then, and today, it is at $0.0026. However, the recovery in the price is still expected. If we look at the resistance and support levels, DOGE seems to be tilted towards the immediate support level.

Resistance Level Price Support Level Price
R1$0.002665S1$0.002576
R2$0.002714S2$0.002536
R3$0.002754S3$0.002487

Dogecoin is expected to give good results in the long run. The traders are suggested to dig-in for the same. The short-term might not bring the desired 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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