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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Might Be Running To The Moon Soon!

Is DOGE ready for the moon? Well, this is a popular discussion among the followers of Dogecoin already. Analyzing the trend from the past few days, it manifests that Doge is not yet dead. Rather, Doge might be taking off to the moon soon enough. With the increase in market cap, supplies, and the valuation, DOGE might be ready to rule the moon as well.

Let’s see if today’s analysis supports the same discussion.

Price Analysis of DOGE on 2nd July 2019:

DOGE is trading at $0.0031694 at 09:29 UTC as on 2nd July 2019. The other essentials are calculated as follows:

Dogecoin Price chart
Dogecoin Price chart
  • Return on Investment: 452.83%
  • Market Ranking: 30
  • 24 Hour Volume: 42,690,713 USD
  • Market Cap Value: 371,237,197 USD
  • Total supply/Circulating Supply: 120,177,508,468 DOGE/ 120,177,508,468 DOGE
  • 7 Day high/ low: 0.003523 USD/ 0.002990 USD

Dogecoin Price Comparison:

It was 5 days back when the highest price of $0.003572 was seen towards the end of the previous month on 28th June. The value was then dropped the next day by 10.19% with the trading value of $0.003208. By 30th June, the value then saw an upsurge of 9.47% trading at $0.003514.

However, by 1st July, the value was again dropped by 16.04% trading at the price of $0.002950. The current price is increased by 7.42% from the trading value of $0.002950.

Dogecoin Price Prediction and Conclusion:

From the current trend, it is well observant that the coin may face a bearish trend for a while. It seems that in the next 14 days, Doge might be trading between the upper range and lower range of $0.00353 and $0.00320 respectively. For traders to bid under the safer zone, the resistance level and support level is calculated to be $0.00344 and $0.00299 respectively.

If the coin slides towards the bearish zone, it will be a good time for the investors to go long with their investments in Doge and wait until the coin uses its full potential!

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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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