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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Struggles to come out of the Market Pressure

Dogecoin has been struggling with the market pressure to make its way up. The coin is reflecting a disappointing movement in the ongoing month. The month is about to end, and we cannot see any hope of a major escalation in the coin.

The currency might recover in the last few days of the month, but the DOGE holds the possibility of closing the month at a loss if compared from the opening price of the month.

Dogecoin to USD Price Comparison:

Dogecoin price chart - Aug 28
Dogecoin Chart By TradingView

Yesterday, Dogecoin opened with a heavy drop of 6.49%. The price changed from $0.002695 to $0.002522. Later, Dogecoin price took another drop of 5.03% from $0.002642 to $0.002508. Somehow, DOGE managed to close the day at $0.0026 with an intraday loss of 1.84%. Today, the coin is reflecting a moderate movement. The coin experienced a major escalation in the price by 5.52% as DOGE price changed from $0.0025 to $0.0026.

Current Statistics of Dogecoin:

Particulars Dogecoin (DOGE)
Price$0.002643
ROI364.16%
Market Cap$313,743,824
24hr volume$21,266,246
Circulating supply120,967,791,698 DOGE
Total supply120,967,791,698 DOGE

Dogecoin Price Prediction and Conclusion:

DOGE couldn’t come out of the market pressure. As per historical data and analysis, Dogecoin might close the year around it’s 90-Day high value of $0.0044. We would recommend the traders to dig in for the long-term. The specified time is expected to give maximum result to the traders. Hence, investing in the coin wouldn’t go futile.

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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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