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Price Analysis

Dogecoin Price Experiences Bearish Trend with a Thin Possibility of Improvement

Dogecoin (DOGE) price was recently seen paving a distinct path for itself. The current fluctuation in the market has brought it back and thus, DOGE is again walking in the footsteps of Bitcoin. The day began with a bearish trend, which still intact. Bitcoin has also registered fall and as a result, Dogecoin is also dropping.

Yesterday, the currency was seen booking recovery; the highest level touched by Dogecoin was $0.002365. It was dropped to the lowest level of $0.002290 with the volume counter at $36,788,344. Today, the price movement seems boring.

Dogecoin (DOGE) Price Analysis:

The data feed is gathered from Bittrex on October 04, 2019, at 09:48:09 UTC for price analysis.

Dogecoin Price
Dogecoin Chart By TradingView

Yesterday, Dogecoin began the day at $0.0023. There was pullback experience, which took the price to $0.0022 from $0.0023 by 4.99%. Further, Dogecoin again dropped by 5.53% and shifted to $0.0021 from $0.0023. Towards the closing hours, the price moved up from $0.0021 to $0.0023 by 5.63%. The day ended at $0.00230, with an intraday regression of 2%. Today, Dogecoin started with a drop and the price shifted from $0.0023 to $0.0021 by 5.15%.

Dogecoin is anticipated to have a great future. The coin gets influenced by Bitcoin, and the same is expected to book huge returns. Dogecoin would also follow the price movement pattern and would prove to be an equally beneficial coin. The traders interested in Dogecoin should opt for long-term investment. However, the current scenario is not considered as the best time for investment. We would recommend standing still and waiting for the market to go stable again.

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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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