Price Analysis

Dogecoin Price Analysis: DOGE Is Moving To Bearish From Bullish Market

Linear growth of the whole crypto world may help DOGE to go upwards

The followers of Dogecoin are still waiting for an announcement of some big project. However, there are no such big fat projects we have noticed these days. But one has to agree that even with the image of the coin that started as a Joke is now competing in the market with millions of users and traders already.

MEME coin is not taken seriously, but in order to increase and admire the gravity of the same, Dogecoin must come up with some real time projects soon.

Price Analysis of DOGE on 14th June 2019:

On 14th June at 21:04:31 UTC, the value of Doge is trading at $0.00298371. The remaining essentials are as follows:

Return of Investment448.75%
Market Ranking29
Circulating Supply119,933,947,758 DOGE
Total Supply119,933,947,758 DOGE
Market Cap367,749,650 USD
24 Hour Volume58,379,342 USD

DOGE Price Comparison:

Dogecoin Price Chart - Jun 14
5 – Day Dogecoin Chart

Since the past 5 days, the highest and lowest of the value was seen on 13th and 9th June respectively. The highest value was trading at $0.00314528 and lowest at $0.00285447. The value today has increased by 4.5% from the lowest and dropped by 5.13% from the highest respectively.

dogecoin price chart - Jun 14
YTD – Dogecoin Chart

Users following Dogecoin from one month can notice that the value is fluctuating in a safer zone as of now. The value today has increased by 51% from the lowest, which was realized on 31st April (value trading at $0.00203325). And the value today is dropped by 25% from the highest value which was realized on 4th April where the value was trading at $0.00412786.

Doge Price Prediction and Conclusion:

Dogecoin seems to move slowly from Bullish to Bearish nature considering the 30 days analysis. For a safer trade, the resistance and support zone can be considered between $0.00320 and $0.00295 respectively. And for those users who are just trying to bring storm in the market by questioning if Dogecoin may reach $1 by the end of 2019, well they also know that somewhere it is not possible right now!

Dogecoin has a long journey to fight before it reached $1.

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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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