Price Analysis

Dogecoin Price Analysis: DOGE Price Shows positivity amidst volatility for the last 5 days

DOGE might have started as a joke, but these days every Cryptocurrency follower is surprised to realize the market cap value and the circulating supplies in the network. Dogecoin has surely improved its position, and traders are considering the coin seriously. After all, they are making some high returns with it too!

Current Statistics of Dogecoin:

Dogecoin price is seen trading at $0.00288317 at 01:51 UTC on 7th August 2019. The other essentials are seen as follows:

  • Return on Investment: 426.59%
  • Total supply/Circulating Supply: 120,662,844,826 DOGE/ 120,662,844,826 DOGE
  • Market Cap Value: 355,047,448 USD
  • 7 Day high/low: 0.003316 USD / 0.002817 USD

DOGE to USD Price Comparison:

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Considering the DOGE price in past 5 days, initially, the value was seen trading at $0.00301952 at 01:35 UTC on 2nd August the value dropped by 7.16% at 21:10 UTC on the same day. The value from then increased by 8.1% on 3rd August at 04:45 UTC. The value dropped by 8.35% on 4th August at 13:55 UTC with the trading value of $0.00277969. The value increased again by 15.72% on 5th August at 17:00 UTC, to the highest touchdown value of $0.00321524.

DOGE saw a drop again by 12% yesterday at 22:00 UTC which is increased as of now.

Dogecoin Prediction and Conclusion:

DOGE is trading in the ‘buying’ zone as of now. Traders might be able to enjoy some returns, but they have to hold on to their position for a little while. As of now, the safer trader can be played under the resistance & support levels as follows:

Resistance Levels:

  • R3: 0.003601
  • R2: 0.003459
  • R1: 0.003204

Support Levels:

  • S1: 0.002807
  • S2: 0.002665
  • S3: 0.00241

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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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