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Price Analysis

Dogecoin’s Moderate Fall Seems to Mark Recovery by the Day End

Dogecoin started the day with a bullish trend. The traders of the coin were eyeing for a profitable price movement. After dealing at the same level from where it started, DOGE fell. The fall is moderate but still the same can lead to a market pressure.

DOGE to USD Price Chart:

The chart is taken from Trading View on September 23, 2019, at 11:56:24 UTC for price analysis.

Dogecoin Price
Dogecoin Chart By TradingView

Yesterday, DOGE started the day trading around $0.0025. A fall took the price to $0.0024 by 4.94%. Later, the recovery brought Dogecoin price up to $0.0026 by 5.73%. The day ended at $0.026 marking an intraday escalation of 0.56%. Today, the coin was seen stable at $0.0026 in the opening hours. Later, the fall took the price to $0.0024 from $0.0026 by 4.75%. The coin is currently trading around $0.00257. at the time of writing.

Dogecoin Price Prediction:

Bitcoin was seen dealing in green colour in the opening hours. However, the rest of the market was seen suffering. After few hours Bitcoin started moving downwards and there was some recovery noted in other big forces like Litecoin, Ripple etc. Bitcoin came under the market pressure and is currently dealing with loss. The coin usually has a concurrent movement with Dogecoin.

DOGE is recommended for the long-term traders. The specified period would bring the desired result in the investment.

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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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