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Price Analysis

Dogecoin Price Analysis: Is DOGE Going to Upsurge Soon or Do We Wait for the Same?

It seems that DOGE might be expecting some support from the Jamaican Bobsled Olympic team to support the coin for the race. However, nothing is confirmed, but since DOGE helped them out to be an outstanding performer in the sports, they might want to return the favor now!

Current Statistics of Dogecoin:

The value of DOGE is recently seen trading at $0.00264 at 03:04 UTC on 18th August 2019. The other essentials in the chart are as follows:

  • Market Ranking: @29
  • Return of Investment: 372.57%
  • Total supply/Circulating Supply: 120,815,306,244 DOGE/ 120,815,306,244 DOGE
  • 24 Hour Volume: 18,444,779 USD
  • Market Cap Value: 319,025,765 USD
  • 7 Day high/low: 0.002902 USD / 0.002561 USD

DOGE to USD Price Comparison:

Dogecoin Price Prediction
Dogecoin Price Chart by TradingView

Considering the data from the last 30 days, initially, the highest value was seen on 20th July at 16:30 UTC with the trading value of $0.003207. The value then dropped by 17.09% on 28th July at 22:30 UTC trading at $0.002659.

Then the value increased by 20.13% on 5th August at 19:30 UTC with the trading value of $0.003190. The value dropped by 22.27% on 16th August at 06:30 UTC when the trade changed to $0.00248. The value then increased by 6.88% from then as of now.

Dogecoin Price Prediction and Conclusion:

DOGE might be seen right now in the slight bearish zone. However, it might progress slightly in the bullish zone too. The overall performance of DOGE has been really surprising since the beginning, but it is definitely for a MEME coin anymore.

For a safer bid, the resistance support level might help the traders to avoid any losses:

R3: 0.002755

R2: 0.002723

R1: 0.002684

Pivot Point: 0.002652

S1: 0.002613

S2: 0.002581

S3: 0.002542

August seems to end soon! The hope is to see the touch down of $0.007 for the DOGE followers to celebrate their returns by the end of 2019.

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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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