fbpx
Price Analysis

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 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.

Resistance & Support Levels:

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

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

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.

Related Articles

Back to top button
Close