Price Analysis

Dogecoin Price Analysis: DOGE Reflects Recovery on Intraday Price Chart

Dogecoin (DOGE) is indicating recovery on the price chart. The same walks as per the momentum of the Bitcoin price chart. Bitcoin (BTC) has recently turned green. The price surge helps Dogecoin to move up on the chart. 

The future of Dogecoin is also considered to be bright and shiny. The traders are looking for a long term plan to invest in the coin. The currency could help traders in locking profits in the future. 

Price Comparision of DOGE: 

The price chart is taken from Trading View on 21st July 2019 at 06:07:30 UTC for price analysis. 

Dogecoin price chart July 21
Dogecoin Price Chart by TradingView

Looking at yesterday’s chart, the coin closed the day at moderate upsurge. There were two inclinations during the day. The first hike took the price from $0.0029 to $0.0032 by 8.09%. The second escalation shifted the price from $0.0029 to $0.0031. The hike marked was of 7.11%. Towards the end of the day, the coin dropped from $0.00321 to $0.00311 by 3.05%. Today, the day began with a downtrend of 4.84%. The coin slipped from $0.0031 to $0.0029. Now, the coin has again started walking up. An escalation of 3.81% is marked in recent hours. The coin jumped from $0.0029 to $0.0030. 

Current Statistics of Dogecoin: 

Particulars Dogecoin (DOGE)  
Price $0.00307
Rank 30
ROI 452.64%
Circulating supply 120,441,168,879 DOGE
Market cap $371,925,046
24hr Volume $21,890,896 

Dogecoin Price Prediction and Conclusion: 

Dogecoin (DOGE) is often considered as the alternate option for Bitcoin. Many traders who believe solely on Bitcoin go for Dogecoin too. Dogecoin has a great future ahead. The coin will soon climb on the chart and touch an astounding level. Bitcoin (BTC) will also be seen touching $15,000 by the end of the year. The same upsurge will help Dogecoin in improving momentum. Also, the traders should diverge investment to cut short their risk. 

As per our reading, Dogecoin would touch $0.0070 by the end of the year. In the coming years, Dogecoin would be seen at 5%-6% profit.  

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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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