Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Exhibits a Bullish Price Movement

  • Dogecoin (DOGE) shows a bullish movement in the intraday movement.
  • There is a high prospect of recovery in the ongoing month.

Dogecoin (DOGE) current trading movement is making us believe that the coin would soon bring an upsurge in the market. When most of the coins are falling in the crypto market, Dogecoin and Bitcoin are moving in the opposite direction. Well, Bitcoin anchors many coins so we are positive that it would once again book progression with newer price heights. And majorly, Dogecoin and Bitcoin are observed having a concurrent price movement.

Current Statistics of Dogecoin (DOGE):

  • The price is currently trading at $0.002951.
  • The ROI (Return on Investment) is marked as 426.53%.
  • The 24hr volume is noted as $19,471,856.
  • The market cap stands around $354,838,299.
  • The circulating supply is marked as 120,607,432,602 DOGE.
  • The coin is ranked at 29th position in the crypto market.

DOGE to USD Price Comparison:

The chart is taken from Trading View on 03rd August 2019 at 01:12:17 UTC for price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Looking at the week-long chart of Dogecoin, the coin was seen at $0.00283 on 28th July 2019. The coin closed with an escalation of 0.92% at $0.00285. Next day, the coin registered a drop of around 3.63% as the price counters changed from $0.0028 to $0.0027. On 30th July, the coin registered recovery of 5.55% as the price changed from $0.0027 to $0.0029. The last day of July brought 1% escalation in the price. The price counters were locked at $0.00290 and $0.00293.

The ongoing month opened with an escalation of 2.91%. The coin opened at $0.0029 and closed at $0.0030. However, yesterday, we spotted a vice versa movement from the one observed the day before. The coin opened $0.002957 and closed at $0.002909.

Dogecoin Price Prediction and Conclusion:

Dogecoin (DOGE) is currently moving with perfect price momentum. The coin is anticipated to remain the same for the rest of the day. The intraday traders would be seen drawing huge profits from the day. Since Bitcoin and Dogecoin are observed having concurrent motion, the same has brought a positive change in the momentum of the coin. The coin is speculated to cross $0.0070 by the end of the year. The best-suited investment for the coin would be a long-term investment.

Tags

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.
Back to top button
Close