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Price Analysis

Dogecoin Price Analysis: DOGE Dropped by More Than 15% in Last 4 Days

Dogecoin (DOGE) might surprise us with a massive spike in the volume soon. Many of the cryptocurrency followers are talking about the same on social media. And with that coming true, DOGE might become one of most preferred altcoins in the list of the cryptocurrencies. For now, let’s see what the price statistics have to quote today.

Price Analysis of Dogecoin on 24th July 2019:

DOGE is currently trading at $0.002684 at 04:39 UTC as on 24th July 2019. The other essentials are calculated as:

  • Market Ranking: 30
  • Return of Investment: 405.29%
  • Total supply/Circulating Supply: 120,468,921,229 DOGE/ 120,468,921,229 DOGE
  • 24 Hour Volume: 21,648,827 USD
  • Market Cap Value: 340,135,026 USD
  • 7 Day high/ low: 0.003187 USD/ 0.002820 USD

Dogecoin to USD Comparison:

Dogecoin Price Chart - 24 July
Dogecoin Chart by TradingView

Dogecoin was seen with the lowest touchdown of the said time frame on 19th July at 12:50 UTC trading at $0.002841. The value escalated by 12.86% on 20th July at 16:40 UTC with the coin trading at $0.00321 trading value. Later, the value dropped by 12.33% on 22nd July at 19:30 UTC with $0.00281 trading value. The current trading value is dropped by 4.74% from then.

Dogecoin Price Prediction and Conclusion:

DOGE is manifesting strong bearish nature, which means an ideal time for the investors to go along with their investments. Though the coin has a bearish trend, it will soon get back towards having an escalation, and the investors might be able to enjoy the bountiful returns then.

The resistance and support level is calculated as follows:

  • R3: 0.003093
  • R2: 0.003048
  • R1: 0.002964
  • Pivot Point: 0.002919
  • S1: 0.002835
  • S2: 0.00279
  • S3: 0.002706

And if the value escalates in the right direction, the coin might be trading at $0.0070 by the end of 2019.

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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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