Price Analysis

Dogecoin Price Seems Paralyzed Around $0.0027

  • Dogecoin price locks itself around the trading price of $0.0027
  • The intraday price movement is expected to remain quite pale, as observed from the present momentum

Dogecoin (DOGE) has been seen escalating in the previous week. The uptrend was quite surprising for the traders. But, as per the recent trading and momentum, the price of DOGE has paved the success path for itself. The improvement in the coin is quite impressive.

DOGE started the year trading at $0.0021. However, the current price of the coin is $0.0027. The period between the same observed many ups and downs. The currency touched $0.0040 in May 2019. There are anticipations that DOGE will resume back but the same would take some time.

Dogecoin to USD Price Analysis:

Yesterday, the price started dealing at $0.0026. After hovering at the same level for some time, the price fell to $0.0025 from $0.0027 by 6.08%.

Later, the coin picked up and touched $0.0027 again. This time the progression was of 6.4%. The same was followed by a drop of 6.15% from $0.0027 to $0.0025 and a similar recovery too. The price jumped to $0.00278 from $0.00263 by 6.01% and closed the day at $0.00270.

The intraday escalation was registered as 2.75%. Today, the price was seen climbing from $0.0026 to $0.0027 by 6.75%. The current trading price (at the time of writing) of DOGE is $0.0026.

Dogecoin Price Chart
DOGE Chart By TradingView

Dogecoin price is moving towards the immediate support level. The day might bring a positive result, but in the long-term, the investors are going to fetch a good amount of profit. Here is the chart for resistance and support levels.

Resistance Level Price Support LevelPrice
R1$0.002852S1$0. 002657
R2$0.00293S2$0.00254
R3$0.003047S3$0.002462

Dogecoin has shown a remarkable improvement from the beginning of the year. The price has been through a heavy fall and fluctuations but the same has booked profits yet.

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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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