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Price Analysis

Will Dogecoin Maintain its Stability it has been Pursuing for Days?

  • Dogecoin stagnates near 0.0024 USD after four significant price swings in the last one day.
  • The next resistance for Dogecoin may come at 0.002473 USD.

Dogecoin has probably shocked the whole market with its ability to hold the value over the last 24 hours amidst the gloomy conditions in the overall market. In the previous 24 hours, Dogecoin is down by meager 0.01%, and it has been stagnated near 0.0024 USD. Dogecoin has been through four major price shifts in the meantime.

Dogecoin Price Analysis

Dogecoin started its journey for the day at 00:05 UTC with a decline in the value and it fell by 5.56% and reached 0.00236867 USD by 07:12 UTC. The next swing was a hike in the value by 4.75% and it helped Dogecoin to add 0.00011 USD. It was followed by a price correction of 5.73%, which took Dogecoin to 0.00233910 USD, the lowest point of the day. The last variation started at 20:11 UTC and over the next 7 hours and 3 minutes, it scaled its value to 0.00247268 USD with the help of a 5.74% spike.

Dogecoin to USD Price Chart

Dogecoin price chart
Bitcoin Price Chart by TradingView

Dogecoin’s current stability is commendable, and it is likely to hold the value against USD at the same level for the next few days. The next resistance for Dogecoin may come at 0.002473 USD. And it is likely to have a bullish medium-term outlook.

Dogecoin (DOGE)Resistance & Support Levels
1st Resistance$0.00243
2nd Resistance$ 0.00245
3rd Resistance$ 0.00247
1st Support Level$ 0.00240
2nd Support Level$ 0.00238
3rd Support Level$ 0.00237

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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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