Dogecoin Price Analysis: Dogecoin (DOGE) Price Under Market Pressure; Moderate Loss In The Price

Dogecoin is reflecting a moderate loss in the price. However, traders are expected for the coin to touch its immediate resistance level of $0.0032 soon. After touching the said level, the Dogecoin is expected to escalate the Market Cap too.

DOGE to USD Price Comparison:

The chart is taken from TradingView on 13th August 2019 at 05:25:56 UTC.

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Dogecoin price Prediction
Dogecoin price chart by TradingView

The overall price movement has not declined with a margin. On 7th August, the coin booked a fall of 12.02% from $0.00314146 to $0.00276584. On 8th August, the coin booked an escalation of 10.83% as the price counters switched from $0.002772 to $0.00307258. On 9th August, the Dogecoin switched from $0.00300186 to $0.00298166 by 0.67%. On 10th August, again the DOGE price fell by 8.93%. The price switched from $0.002974 to $0.0027079. On 11th August, the coin escalated from $0.002818 to $0.00287421 by 1.99%. On 12th August, the Dogecoin jumped from $0.002874 to $0.002958. The hike was of 2.7%. The coin is currently dealing at $0.002951.

Current Statistics of Dogecoin:

Particulars Dogecoin (DOGE)
Price 0.00285121 USD
ROI 411.67%
Rank 29
Market Cap 345,262,763 USD
24-Hour Volume 24,022,468 USD
Circulating Supply 120,759,703,220 DOGE

Dogecoin Price Prediction and Conclusion:

As per Dogecoin price prediction, the traders who are interested in investing in Dogecoin should plan for the long-term. There is a high prospect of an upsurge in Bitcoin which indicates a jump in the Dogecoin too. Hence, we are certain that the investment in DOGE wouldn’t go futile.

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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