Dogecoin Seems to Seek the Support, But Fails

  • Dogecoin loses almost 3% overnight and falls to 0.0025 USD.
  • The next resistance may come at 0.00264 USD.

Dogecoin has been down by almost 3% over the last day and the current value against USD has fallen to 0.0025 USD. The four price swings have given it a range of 0.0025 USD-0.0024 USD. The near future seems full of bullish possibilities for Dogecoin.

Dogecoin Price Analysis:

The first price variation for Dogecoin started at 04:04 UTC and over the next 10 hours and 21 minutes, it lost 6.53% to be placed at 0.002425 USD. It was followed by a hike of 5.37% that added 0.0001 USD to the overall value and pushed it to 0.00255 USD by 19:34 UTC. The third swing happened between 19:34 UTC and 22:33 UTC and this swing brought the value from 0.0025556 USD to 0.002409 USD. However, towards the closing, it got strengthened and achieved a 4.98% escalation and DOGE placed at 0.002529 USD at 03:42 UTC.

Dogecoin Seems to Seek the Support, But Fails
Dogecoin Price
Dogecoin Chart By TradingView

Both the 20 days and 50 days average is below the current price and it shows that Dogecoin is in a better condition to welcome a price rally in the coming days. The medium-term is likely to witness a rally and the next resistance may come at 0.00264 USD.  To Find more about the dogecoin forecast, here are views shared by the experts.

Resistance & Support Levels:

R1- $0.002563333, R2- $0.002640667, R3- $ 0.002681333

S1- $0.002445333, S2- $0.002404667, S3- $0.002327333

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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