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Price Analysis

Dogecoin Price Recovery Comes to a Halt; Now Trades at Around $0.0023

The crypto market is marking a fluctuating record on the price chart. The coins are experiencing heavy pressure due to the same. If we talk about Dogecoin, the beginning of the day brought a heavy upsurge, but now, there is an indication of a negative closing. The intraday trading would be good in Dogecoin.

If we look at yesterday’s chart, the currency was dealing at a high of $0.002408 and a low of $0.002305. The counter is already broken today, but despite a heavy opening, there is no further support for Dogecoin.

DOGE to USD Price Chart:

The data feed is collected from Bittrex on October 8, 2019, at 09:22:59 UTC for price analysis.

Dogecoin Price
Dogecoin Chart By TradingView

Yesterday, Dogecoin started the day at $0.00220. The first few hours escalated the price to $0.00228 by 3.94%. The escalation kept intact and took the price to $0.0024 from $0.0022 by 6.24%. The day closed at $0.0023 and the intraday progression in DOGE was 8.23%. Today, the price of Dogecoin started with an escalation. The price counter switched from $0.0022 to $0.0024 by 8.23%. Recently, the currency recorded a fall of 4.62% from $0.0023 to $0.0022.

Dogecoin has often followed Bitcoin in the market; the same helped Dogecoin to gain popularity as the price experienced a hike. The recent volatility has affected the price movement. Dogecoin has speculated climb up once again in the coming days; we are looking forward to an extraordinary recovery.

We would recommend the traders for a long-term investment plan, as is likely to help the traders to earn a massive profit.

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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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