Price Analysis

Dogecoin Price Rallies by 4% and Touches $0.0024

  • Dogecoin to break its crucial resistance at $0.002417
  • The intraday price movement looks promising

Dogecoin (DOGE) price has rallied by 4% since the opening hours until the time of writing and the currency is on the upward spree. It looks like the intraday traders are going to experience a marvelous day. There was a resistance level created at $0.002379 while the pivot point was $0.002344. The currency breached $0.002379 and is heading to cross $0.002417. The current price is noted around $0.002415. It is speculated that DOGE would be crossing its major resistance at $0.002452 soon.

Dogecoin Price Analysis:

Dogecoin started trading around $0.0029 on August 01, 2019. The price escalated to $0.032 by 19.46%. Later, the price fell tremendously by 24.21% to $0.0024. The price hiked to $0.0029 by 19.77%. The price started moving down to $0.0023 by 19.48%. The month closed with a fall of 15.21% at $0.0025. The month of September experienced a hike within the first few days. The price hiked from $0.0025 to $0.0027 by 8.52%. Later, the price jumped again from $0.0023 to $0.0028 by 22.84%. Dogecoin again fell to $0.0019 by 32.62%. The last few days took the price to $0.0025 from $0.0019 by 33.14%. The month recorded a slight upsurge of 2.06%. The ongoing month started dealing at $0.0025 and the price fell to $0.0021 by 14.30% with the price is seen moving around $0.0024.

Dogecoin Price
Dogecoin Price Chart by TradingView

Dogecoin price was seen improving in the last month as there was a moderate upsurge. The ongoing month has been fluctuating, but it looks like by the end of the same there would a healthy improvement. The coin is usually seen having a concurrent motion with Bitcoin, and it is anticipated that it would bring the price rally in the market. DOGE could be seen walking up with the same.

Dogecoin is likely to give the best result to the long-term traders. The traders can dig-in with a high prospect of return.

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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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