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Price Analysis

Dogecoin’s Stability is at a Toss; Loses 1.5% Overnight

  • Dogecoin loses 1.5% in the last 24 hours.
  • The impact may not last long; resistance may come at 0.002548 USD.

Dogecoin has received a big blow after yesterday’s fall of many major coins. It is down by almost 1.5% in the last 24 hours, and the four price swings made the scale look volatile. However, the medium-term outlook may get bullish.

Dogecoin to USD Price Analysis-

Dogecoin Price
Dogecoin Chart By TradingView

The first swing happened between 00:21 UTC and 12:05 UTC and this swing deducted 0.0001 USD from Dogecoin. At 12:05 UTC, DOGE was being traded at 0.0023 USD, the lowest point for the day. Later, in the next 24 minutes, it got hiked by 8.91% and reached 0.00254080 USD, the top point of Dogecoin for the day. But this high figure could not be sustained for long, and it took another drop by 8.30% and touched 0.00233029 USD by 20:09 UTC. The last swing for DOGE happened between 20:09 and 04:46 UTC of today. This swing had a break at 0.00248252 USD, and it gave an overall hike of 5.24%.

Dogecoin Price Prediction-

Dogecoin may be considered a relatively stablecoin, but this time the market slowdown seems to have impacted it to the core. However, this situation is not going to last for long. In the medium-term, it is likely to get a price rally. The next resistance may come at 0.002548 USD.

Resistance & Support Levels-

R1- $0.002487333, R2- $0.002519667, R3- $0.002548333

S1- $0.002426333, S2- $0.002397667, S3- $0.002365333

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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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