Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) Trying To Have Bullish Outlook while Coming Out of the Directionless Trade

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After being partnered with MyCryptoCheckout, Dogecoin is expected to grow in terms of several users and trading value too. Dogecoin was a mere joke to start with but has surely gained popularity. However, recently, there were a lot of dips that were seen in the prices of Dogecoin.

Let’s see whether the valuation is improving after introducing MyCryptoCheckout or not.

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Price Analysis of Dogecoin on 20th June 2019:

Dogecoin is trading at $0.00305699 at 10:31 UTC on 20th June 2019. Other essential statistics from Dogecoin chart are as follows:

Dogecoin Price Chart - 20 June
Dogecoin Price Chart
Return of Investment 469.54%
Market Ranking 30
Circulating Supply 120,003,321,307 DOGE
Total Supply 120,003,321,307 DOGE
Market Cap 381,903,988 USD
24 Hour Volume 33,175,644 USD

 Dogecoin to USD Price Comparison:

Dogecoin price as of now exhibits a trend pointing towards the bullish zone while coming out of the tag of ‘‘Directionless Trading’’. However, the current bullish bend is not a confirmation for the days to come. Drawn from the analysis of the past 30 days, the current trading value of Dogecoin has increased by 9.3% from the lowest of 23rd May at $0.002795. The value has dropped by over 16% from the highest on 30th May with value trading at $0.003677.

Dogecoin Price Prediction and Conclusion:

The value as of now is best to be analyzed rather than bidding on to buy or sell. In such a condition, bidding under the resistance level and support level is a safer option to opt for which is between $0.00319 and $0.00307 respectively. It is hard to predict if the value will hop to a bulls’ trend or bears trend.

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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