Dogecoin Price Analysis: Dogecoin (DOGE) gets bit by a bear; Price at $0.0028

Dogecoin (DOGE) is falling in the intraday market chart. In the last week, the coin demonstrated the sheer potential of moving up in the crypto market when the rest of the altcoins were falling. The major reason behind uptrend was Bitcoin.

Dogecoin is one who blindly follows Bitcoin (BTC) momentum. The traders often take Dogecoin as the alternate option for the Bitcoin. Today, Bitcoin is also drenched in blood, thus Dogecoin is also slipping tremendously. However, we are expecting an upsurge in the price soon.

To understand the momentum better, let’s have a look at the chart.

Current Statistics of Dogecoin:

The chart is taken from Trading View on 15 July 2019 at 05:36:22 UTC for price analysis.

Yesterday, the coin opened at $0.0033. The first few hours of the day were quite steady at $0.033. Further, the coin fell from $0.0032 to $0.0028. The regression marked was of 0039.46%. The coin kept sliding down for the rest of the day. The intraday loss was of 10.74%. Today, the coin opened at $0.0028. There is steadiness in the price at $0.029.

Dogecoin Price Prediction and Conclusion:

The traders have often considered Dogecoin as a result-giving coin. The currency has always moved according to Bitcoin. The same has helped the currency earned a lot of fan base. Along with that Dogecoin is now listed with Binance exchange. The coin is moving forward with a flag in hand. We are positive about the coin’s future too.

However, if we see the DOGE Price Prediction chart, it seems that the coin is expected to hover at $0.0070 by the end of 2019, and hence, the long-term investment would give a better result.