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Price Analysis

Dogecoin Price Analysis: DOGE Steeping Towards The Sensitive Price Zone

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The current condition of all the altcoins in the crypto sphere is known to every crypto enthusiast. Everyone is very much aware of the fact that significant values of these altcoins including DOGE are getting drained now and then due to the turbulent nature of BTC and the intense liquidity which is prevailing due to the volatile market condition. Although, DOGE tries to remain stable most of the times and tries to retain its bullish value, currently, Dogecoin’s fate is not appearing to be favorable for the upcoming days.

Current Statistics From Dogecoin Price Chart:

  • Price in BTC: 0.00000036 BTC (01:49 UTC
  • Price in USD: 0.0031 USD
  • Circulating supply: 119,933,947,758 DOGE
  • Market rank: 29
  • Market cap: 372,347,394 USD

Price Analysis And Future Dogecoin Price Predictions:

Dogecoin Price Chart - 15 June

The 5-day Dogecoin chart clearly shows the extent of its stability in this unfavorable and increasingly volatile market. Stability does not mean that it will never suffer from ups and downs. Fluctuations are very much noticeable in the chart, but it is a fact that DOGE is comparatively getting less affected by the market condition until now. Its trend line is indicating that it can soon decline again towards the bearish zone and can still get traded at low values. On 11th June, DOGE attained an excellent height when it was traded at 0.0031 USD. From the evening of 12th June to 13th June, it mostly got traded at bullish zone only with slight dips in between, and the shift in the prices have not been significant enough. Yesterday, it declined to a low value of 0.0029 USD. So, considering these two price points, one can easily understand that the price gaps between the two highlighted price marks are not that huge, and its momentum usually remains in the upward trend. But considering the recent condition of the market, it can have a dip in the upcoming future as well. So, within 5 days, the value of DOGE increased by 6.89%. Based on the above analysis, we think that in the upcoming days, DOGE can get traded approximately around 0.0029 USD to 0.0032 USD.

Conclusion:

DOGE is a notable cryptocurrency due to its attractive appeal, and it also has a highly enthusiastic community. Even if someone is willing to invest in DOGE, the investors can do that only for the short-term purpose as the long-term investment may not incur great returns as of now since the coin is quite fluctuating on a regular basis.

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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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