- Dogecoin value against the US Dollar has been rolled down by 31.13% in the last 30 days
- It may soon seek the support of $0.00167 in the next few days
As the global economy is gradually showing enhanced symptoms of slowdown, the crypto market is not at all immune. One of the popular crypto coins, Dogecoin price, has been down by 31.13% in the last 24 hours. The price stands at $0.001734, and it may get worse in the next few days.
Dogecoin Price Analysis
If we look at the price trend of the past 30 days, Dogecoin faced huge volatility over the said period. The currency was being traded at $0.002518 on February 23, and over the next week, it cut back 15.33% value. It was followed by a short stint of price recovery that added 19.94% and pushed the Dogecoin price to the highest point of the month at $0.002556 by March 07. It couldn’t remain there for long and went through a slope to lose a huge 48.36% value over the next six days. The last swing of Dogecoin price showed little optimism. Between March 13 & 22, the coin has managed a boom of 37.18%, and its value reached $0.001805.
At the time of writing this analysis, Dogecoin was trading below its 90 days MA and 200 days MA. As per the MACD indicator, the coin may continue upside movement as its MACD line trades above the signal line. If the currency continues to trade upside, it may test its immediate resistance at 200-day MA (0.00176) in the upcoming hours.