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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Price Recovery Hampered by the Market Pressure

Market Pressure

  • Dogecoin registers a slight drop in the intraday price.
  • The future looks brighter for DOGE.

The market is currently falling and taking many altcoins down with itself. Dogecoin is among the same group. Well, the pick and drop in the crypto market is not a new thing. The basic attention seeker is the price momentum of the coin. Since the last few days, Dogecoin has been performing remarkably well.

Also, the price drop of the last month couldn’t bring much difference in the Dogecoin. The same is a positive indication of an upsurge in DOGE price. Let’s have a look at the price chart.

DOGE to USD Price Analysis:

The chart is taken from TradingView on 04th August 2019 at 10:25:28 UTC.

Dogecoin price chart - Aug 4
Dogecoin Chart By TradingView

The Dogecoin price chart is reflecting a regression in the coin. Yesterday, the coin opened with an upsurge of 6.74%. The coin escalated from $0.002841 to $0.003033. Later, the Dogecoin price dropped from $0.003023 to $0.002804 by 7.25%. However, the currency closed with a profit of 3.18% at $0.002932. The currency is currently dealing at $0.002787. The regression was of 4.94%. The coin booked an upsurge of 7.20%. The price changed from $0.002789 to $0.002989.

Current Statistics of Dogecoin:

ParticularsDogecoin (DOGE)
Price0.002878 USD
Rank29
Market Cap347,162,415 USD
24-hour volume16,034,696 USD
Circulating Supply120,635,056,505 DOGE
ROI415.02%

Dogecoin Price Prediction and Conclusion:

The current price trend in Bitcoin is bearish, and hence, Dogecoin is also on the same trend. Well, there is a high expectation from Bitcoin to rise, and the same is from Dogecoin too. The traders who have lost sweat because of the current drop should take a deep breath as the coin would soon climb up. Dogecoin price is speculated to touch $0.007 by the end of 2019. The long-term investment is recommended 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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