Price Analysis

Dogecoin Price Takes a Steep Fall to Trade at $0.00255

  • Dogecoin (DOGE) price movement is under bear attack
  • The intraday traders may face difficulties to carve profits

Dogecoin price is often seen having a concurrent motion with Bitcoin. However, the recent fluctuation broke the following thread, and the coin is seen trading solo. Despite of the change in the pattern, Dogecoin hasn’t broken the pace. From the beginning of the month, Dogecoin is seen moving around a freeze zone at $0.0026. Even yesterday, the price of the coin slid down to $0.002608.

The intraday price movement of DOGE/USD is as follows:

DOGE to USD Price Analysis:

Yesterday, the coin started trading at $0.0026 as a result of an escalation from $0.0025 by 7.20%. Further, the coin jumped to $0.0027 from $0.0025 by 7.10%. Unable to hold for a long time, DOGE slipped to $0.0025 from $0.0027 by 7%. Later, Dogecoin price improved and jumped to $0.0027 from $0.0025 by 7.35%. The intraday movement in the coin reflected a progression of 1.99%. Today, the coin moved at a moderate pace, but recently it fell from $0.00276 to $0.00255 by 7.15%.

Dogecoin price
Dogecoin Chart By TradingView

DOGE price has managed to impress the traders and investors all along. The coin might not be behaving well at the moment, but there is a possibility for the same to improve. For intraday traders, the coin doesn’t seem to give profitable results as the price has already dropped below $0.00255.

Resistance Level Price
R1$0.00277
R2$0.002815
R3$0.002896
Support Level Price
S1$0.002644
S2$0.002563
S3$0.002518

Dogecoin is anticipated to climb up soon. The traders can dig-in for the long-term period, but we would suggest holding the investments for a while. After the volatility gets lifted from the market, the traders would get a clearer picture of investing.

Tags

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.
Back to top button
Close