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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Deals With The Bulls; Hovers Around $0.0027

  • Dogecoin (DOGE) back at $0.0027 on the intraday chart.
  • The intraday price movement can take the coin to $0.0030.

Dogecoin (DOGE) has been seen suffering in the chart from quite some time. The current scenario of the coin is better than the last few days. They were quite disappointing, as the Dogecoin touched $0.0024. The said level was last touched in February month. Well, it seems like the storm has passed. The coin is anticipated to keep it tight around the current level.

Current Statistics of Dogecoin:

  • The price of the coin is $0.0027.
  • The market cap is marked as $325,113,648.
  • $21,812,393 is the 24hr volume.
  • The return on investment is noted as 318.26%.
  • 120,898,307,563 DOGE is the circulating supply.
  • The coin is at the 29th rank in the market.

DOGE to USD Price Comparison:

The TradingView chart of 23rd August at 05:05:28 UTC is taken for Dogecoin price analysis.

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Yesterday, the coin opened with a drop of 5.78%. The price changed from $0.0026 to $0.0024. The coin started escalating after the fall and went up to $0.0027 from $0.0025 by 7.23%. The escalation was intact for the rest of the day. The coin closed with an intraday profit of 3.66% at $0.0027. Today, the coin is again moving up on the price chart. The rest of the day is speculated to have a similar movement and close with an escalation.

Dogecoin Price Prediction and Conclusion:

Dogecoin usually follows the momentum of Bitcoin. Today, Bitcoin is dealing with profit. The same would affect the Dogecoin. Precisely, the intraday traders are likely to book profit today. The coin has a great future prospect. The investors interested in the coin can dig in as it wouldn’t go futile.

In the coming time, the coin would be dealing at a 4% to 5% profit. The coin might close the year around $0.0060. We would recommend investing for the long term in Dogecoin to draw massive profit.

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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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