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Price Analysis

Dogecoin Price Analysis: DOGE Must Move Up To Show The Real YOU!

Doge has not revealed any big fat announcement these days, which seems to increase the number of more MEME jokes on twitter. But no matter how comic it becomes, it is still making space in the capital interest of the investors. Users are still trying to convince themselves that by the end of 2019 or at the beginning of 2020, Doge will reach $1, which is a sheer myth as of now.

It does not seem that it could happen so soon unless Doge has some surprising tool to flaunt. Let’s figure it out with the price statistics so far, and whether or not it showcases the trend even to reach its All-time high value.

Price Analysis of Dogecoin on 8th June 2019:

Dogecoin Price Chart - 8 June

Doge is trading for $0.003085 at 6:05 UTC time on 8th June 2019. The Return on Investment of Doge is 457.34% with the current market ranking at 29th position. The Market Cap is 373,202,822 USD with 24-hour volume at 70,534,721 USD. The total and circulating supply of the coin in the market is 119,837,054,367 DOGE.

DOGE Price Comparison:

Dogecoin Price Chart - 8 June

Under the 5 days analysis, the highest and lowest of the valuation was realized at $0.003351 on 3rd June and $0.002876 on 4th June respectively. The value of Doge has seen a dip of 7% and increased by 7% simultaneously when compared with today’s price. It means that the coin is almost trading at an equilibrium position.

Dogecoin Price Chart - 8 June

On the other hand, with 3 months of data analysis, the highest price was exhibited at $000413 on 4th April and the lowest at $0.001933 on 11th March. The value now is dropped by 25% from the highest and increased by 59% from the lowest respectively. And this can likely point the trend of the coin towards the upward direction in the days to come.

DOGE Price Predictions and conclusion:

DOGE seems to have entered in the bullish market already. Traders must keep a notice on the resistance and support for a fair and less risky trading trend. The resistance level can be considered at 0.00326 and the support level at $0.00299. However, Dogecoin touching down $1 seems to be very far from reality.

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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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