Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Embarks Price Rally; Intraday Movement Indicates Great Day Ahead

  • Dogecoin (DOGE) price escalates in the intraday movement.
  • The price momentum indicates a flourishing future.

Dogecoin price was slipping down due to the market pressure. The entire market was badly affected by the price drop. The traders have recently taken a heavy blow in their chest during the last month price plunge. They are looking forward to some recovery in the ongoing month. Dogecoin opened the month with an upsurge but experienced some hurdles too. Well, it looks like the storm has passed and the good times are awaiting for us.

DOGE to USD Price Chart:

The below chart is a data feed from TradingView as on 5th August at 3:41 UTC.

Dogecoin Price Prediction- August 05
DOGEUSD Price Chart by TradingView

Looking at the chart the coin opened with an upsurge yesterday. The price counters changed from $0.00292 to $0.00298 having marked a escalation of 2.22%. Then, the coin immediately fell by 7.33% and took the price to $0.0027 from $0.0029. However, DOGe picked up again in the second half. This time the escalation was 7.96% as the price grew from $0.028 to $0.0030. Towards the end of the day, the coin gain slipped. The coin touched $0.0028 from $0.0030 by 6.77%. However, the coin closed with a profit of 1.64% at $0.0029. Today, the coin escalated from $0.0029 to $0.0031 by 5.46%.

DOGE to USD Current Market Statistics:

ParticularsDogecoin (DOGE)
Price$0.003006
Rank29
Market Cap$368,109,827
24hr volume$20,817,907
Circulating Supply120,635,056,505 DOGE
ROI446.09%

Price Prediction and Conclusion:

Dogecoin (DOGE) has taken an astronomical jump today during the early hours. We weren’t expecting the coin to start an upsurge with a heavy momentum. The coin has been performing brilliantly in the market. The same helped Dogecoin to climb from 30th rank to 29th rank in the crypto market (as per coinmarketcap). We are anticipating that coin would be seen dealing at $0.0070 by the end of 2019.

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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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