Price Analysis

Dogecoin’s Recovery Spree Might Bring Intraday Profit

Dogecoin is popular to walk on the footsteps of Bitcoin. Today, Bitcoin was spotted at a huge loss during the opening hours. However, in the later hours, the Bitcoin price improves moderately. Dogecoin also reflected similar movements during the intraday movement. Yesterday, the coin registered a heavy fall in the price. Today, the same might get reversed and intraday traders might close with profit.

Dogecoin Price Prediction

Dogecoin is reflecting a heavy price fall since yesterday. The currency started the day at $0.00211. The price jumped to $0.002139 by 1.24%. Further, the currency started falling and the price counters moved from $0.00212 to $0.00201 by 4.93%. There was another improvement recorded in the price of Dogecoin. The currency moved from $0.00209 to $0.00215 by 2.54% and then, the price dropped tremendously in the later hours. The price touched $0.00196 by 8.77% drop. The closing period brought escalation in the currency. The price closed at $0.00204 and the intraday movement reflected 3.43% regression in the price. Today, Dogecoin started the day with a moderate movement of around $0.0020. The currency slipped to $0.00195 from $0.00205 by 4.36%. The coin price improved and touched $0.00206 by 5.30%.

Dogecoin News Price
DOGE/USD Chart By TradingView

Dogecoin was dealing almost near the major support level at $0.00195. The price improved and is below the immediate support level at $0.00206. It looks like in the upcoming hours, the price would climb to the immediate resistance at $0.00212. Dogecoin is recommended for long-term traders.

Resistance LevelPriceSupport LevelPrice
R1$0.002122S1$0.00204
R2$0.00217S2$0.002006
R3$0.002204S3$0.001958
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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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