Dogecoin Trades Stably Above $0.0019 After 7.26% Fall Overnight

Dogecoin has marked one of the highest losses as the market’s stability got thrown to the air over the last 24 hours. It has been down by 7.26%, and its value has fallen to $0.001916. However, at the time of writing this analysis, the currency marked moderate stable movement.

Dogecoin Price Analysis

The price trend of DOGE/USD over the last week has been full of price swings. For the initial few days of the week, it roamed around $0.0019 and finally went above $0.0020 by April 16. However, yesterday’s loss seems to be the highest over the night descent Dogecoin made over the last few weeks.

And also, if you want to go through the DOGE predictions chart and enhance your trading journey by learning all the stuff in detail, you can visit our forecast page.

Dogecoin NewsYesterday, Dogecoin price spotted at $0.002066 in the first hour, and over the next 7 hours and 30 minutes, it marked a marginal hike and reached $0.002086. It was followed by a steep fall of 7.06% that pulled down the Dogecoin value to $0.001939. However, at 15:12 UTC, the coin price escalated to $0.002055. Further, the currency reflected downside movement, and at 02:56 UTC of today, Dogecoin’s price got slackened by 6.62% and reached a new low at $0.001919.


Currently, the coin lacks support from its daily SMA 50 & 20 as the current price is trending below both the lines. Also, its RSI is below 40 points, and it is tilted towards the oversold region. Hence, traders may witness a few unprecedented swings soon, and support of $0.00189 seems imminent. However, if the price of Dogecoin reflects recovery, it may test a $0.0020 mark.

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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