Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Lacks The Indication Of Price Recovery; Coin Hovers Around $0.0029

  • Dogecoin (DOGE) remains calm with the intraday movement in the market
  • The coin keeps trading around $0.0029.

Dogecoin (DOGE) is one of such coins which keep its price momentum concurrent to Bitcoin. Well, the story has taken a weird turn today. The king of the cryptocurrency, Bitcoin, is raving in the market, but Dogecoin is keeping its momentum calm.

DOGE/USD Price Chart:

The below chart is a data feed from Trading View taken as on 8th August at 05:11 UTC.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

The chart is reflecting a slight downtrend in the price of the coin. Yesterday, the coin was trading around $0.0028 initially and closed at $0.0030, having an escalation of 7.14%. The coin started the day with an escalation of 6.64% as the price counters switched from $0.0028 to $0.00304. The coin immediately slipped by 5.96% and touched $0.0028 again. Later, the coin again escalated from $0.0030 to $0.0031 by 4.94%. With volatility in hand, the coin again slipped from $0.0031 to $0.0027 by 12.11%. The drop was recovered in the later hours. Today, the coin opened with a drop of 5.28%. The price counters slipped from $0.0030 to $0.0028. The coin recovered 5.61%, which took the coin from $0.0028 to $0.0030.

ParticularsDogecoin
Price$0.00297
ROI421.75%
Rank29
Market Cap$351,859,725
Circulating Supply120,690,499,741 DOGE
24hr Volume$18,284,772

Dogecoin Price Prediction and Conclusion:

We have always considered Dogecoin as the high potential coin. The coin has many times surprised us as it is doing right now. The coin has kept itself tight at $0.0029. The same could be taken as the base before the high leap. We are quite positive about the future prospect of the coin. The long-term investment would be best suited for the coin.

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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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