In the period of 30-days, the DOGE was once spotted, reflecting heavy volatility. On January 12, the price was at $0.00217. The escalation in the price took Dogecoin price to $0.00353 but recently, the coin was spotted under huge pressure. Today, the currency is trading is around $0.0029 level. The investment would bring a flourishing result in the future.
Dogecoin Eyes $0.0032 After Recovery
Dogecoin price was at $0.00217 on January 12, and then it escalated to $0.002476 by 13.61% hike in the next three days. From this price point, DOGE price marked a moderate drop and touched $0.00223 on January 16. Later, the currency reflected improvement again and this time it reached $0.00262 by a massive hike of 17.65%. After crossing $0.0026 level, Dogecoin’s price dropped to $0.00215 from $0.002439 by 11.62% on January 24.
Thereafter, the price improved and touched $0.00244 by 13.79% hike. Then, the price hovered at the same level until the closing of January month. From the starting of February, Dogecoin reflected improvement and traded to $0.00274 by 16.80% on February 07. The escalation remained intact and Dogecoin price reached a high of $0.00353 on February 09. However, from this high, the coin dribbled to $0.00283 by 19.53% fall.
Technicals:
As per the MACD indicator, the MACD line has overlapped the signal line recently, which indicates the DOGE price may recover soon. The current downtrend might change into an upward movement.
The current price of Dogecoin is $0.00293 and it may test the next resistance $0.0032 soon. Based on DOGE price prediction, the coin might violate the immediate support level at $0.00282 in the coming hours.
