Price Analysis

Slowdown Impacts Dogecoin, Falls to $0.0021 in a Day

  • Dogecoin loses almost 12% over the last 24 hours.
  • The next support may fall at $0.0020.

Dogecoin has made a loss of 11.48% in the last one day and the value has now fallen to $0.002133. It has been through four price variations in this period. It is unlikely to recover anytime soon and the range of the price trend for the last day stands between $0.0025 and $0.0019.

Dogecoin Price Analysis

The first swing started at 01:34 UTC and in the next 13 hours and 40 minutes, Dogecoin value touched at 0.002350 USD after a 7.15% decline. The next swing stared at 16:12 UTC and this swing made the highest loss of 19.58% and reached the lowest of the day at 0.001999 USD from 0.00248 USD by 19:45 UTC. The third variation was a hike of 13.24% and it helped DOGE to reach 0.002264 USD. It was followed by a devaluation in the value of Dogecoin by 5.20%, and it forced the price to 0.002148 USD by 02:53 UTC.

Dogecoin to USD Price Chart (1-Day)

dogecoin price
Dogecoin Price Chart by TradingView

Dogecoin is on an overall downtrend if we consider the price movement of the past few days. However, DOGE’s current trend has been actively pursuing it’s 20 days and 50 days average, and it is likely to grow in the coming few days. Investors need to hold for the long-term to get the highest returns.

Resistance & Support Levels

R1- $0.002461, R2- $0.002694 and R3- $0.002886

S1- $0.002036, S2- $0.001844 and S3- $0.001611

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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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