Price Analysis

Dogecoin’s Price Trend Strengthens; Resistance at $0.002088 is Likely

  • Dogecoin managed a hike of 0.067% on the last day where the market is reeling under huge pressure

Dogecoin has maintained its value above $0.00201. Even amidst huge volatility in the market, DOGE managed a hike of a marginal 0.067% in the last one day. It has shown three major price swings in the range between $0.00211334 and $0.00193135. It is currently being traded at $0.00201450.

Dogecoin opened the day at $0.00201314, and over the next 16 hours, it managed a hike of 4.98% that took the price to $0.00211334, the highest for the day. It was followed by a decline of 8.61% that cost $0.00018 to the coin and pushed the Dogecoin price to $0.00193135 by 22:39 UTC. Towards the closing of the day, the price started gaining. By 01:40 UTC, Dogecoin gained a 4.20% value and reached $0.00201158.

Dogecoin News
DOGE/USD Chart By TradingView

Dogecoin Price Prediction

The market cap of Dogecoin seems to have reversed the trend. Over the last 24 hours, it has fallen to 251.746 million USD from 252.331 million USD. It should be noted that the market cap has been on the downfall for most of this month. It was moving around 300 million USD towards the end of November.

Dogecoin’s 20 days MA stands at $0.00197167, and it’s 50 days MA is now at $0.00201394. The current price of DOGE is at $0.0020145, which is 0.027% and 2.17% more than the 50 days and 20 days moving averages, respectively. Dogecoin’s next few days may get bullish.

Dogecoin (DOGE)Resistance & Support Levels
1st Resistance$0.002088
2nd Resistance$0.002118
3rd Resistance$0.002139
1st Support$0.002037
2nd Support$0.002016
3rd Support$0.001986
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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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