Dogecoin seems to have followed the market trend, and it has lost 6.15% overnight. The price has fallen to $0.001937 from $0.002064 in the said time frame. It has been through moderate price fluctuations in this period and traded between $0.0021 & $0.0019.
Dogecoin price was being traded at $0.002064 at the starting of the day, and over the next 10 hours & 45 minutes, it gained 3.27% and reached $0.002132. It was followed by a steep fall of 10.55% that cost it $0.0002 which pushed the Dogecoin price to $0.001909. After this massive decline, DOGE/USD managed to gain momentum and reached $0.002009 by 5.21% hike.
DOGE Likely to Test Support at $0.0019
If we look at the technicals, the currency might keep the current trend intact for the near-term. The 20 days & 50 days MAs stand at $0.00198743 & $0.00197058, respectively. The current price of Dogecoin is 1.68% and 2.51% less than the 50 days & 20 days moving averages. As per the DOGE price prediction, the current price is placed below both the averages, and it can be predicted that the coin may not have a decent run in the coming few days. It is likely to seek the support of $0.0019.
| Dogecoin (DOGE) | Resistance & Support Levels |
| 1st Resistance | $0.002114 |
| 2nd Resistance | $0.002210 |
| 3rd Resistance | $0.002269 |
| 1st Support | $0.001959 |
| 2nd Support | $0.001900 |
| 3rd Support | $0.001804 |
