- Dogecoin grew by 7.72% over the last 24 hours.
- The next resistance is likely to come at 0.00264 USD.
Amidst gloomy market conditions, Dogecoin seems to have made an exception. Over the last 24 hours, it has gained 7.72%, and the coin is now trading around 0.0026 USD from 0.0024 USD.
Dogecoin Price Analysis
Dogecoin’s first swing happened between 00:01 UTC and 06:48 UTC, and this swing pushed the value from 0.0024455 USD to 0.002616 USD with the help of a 6.97% hike. This was followed by a freefall of 6.92% that took the value to 0.00243510 USD by 08:42 UTC. The next swing was the most significant one among all the swings. Between 08:42 UTC and 23:49 UTC, it gained a whopping 8.46% to reach 0.00264151 USD.
The market cap of Dogecoin has shown a different path than its value against USD. It has been down to 316.98 million USD from 317.19 million USD. It should be noted that since October 14, the market cap of Dogecoin is struggling to rise.
Dogecoin’s 20-day average is now at 0.00233115 USD, and the 50-day average is at 0.00239818 USD. The current price trend is now at 0.00263456 USD, and it is 9.85% and 13.01% more than the 20 days average and 50 days average, respectively. Dogecoin’s next resistance may come at 0.00264 USD.
Resistance & Support Levels-
R1- $0.002648667, R2- $0.002690333, R3- $ 0.002761667
S1- $0.002535667, S2- $0.002464333, S3- $0.002422667