Dogecoin was spotted struggling from the past couple of days. However, the entire first week reflected escalation. The improvement has embarked again in the market, and the currency is spotted benefiting from the same. The top players like Bitcoin, Ethereum, Ripple are also surging. The coins have registered growth on a large scale. Dogecoin is following the path of Bitcoin. It looks like the day-end might give decent growth.
Dogecoin Price Analysis
Yesterday, Dogecoin started dealing at $0.00219, and in the initial hours, the price slipped to $0.00212 by 4%. DOGE price escalated to $0.00218 by 4% again. The price dropped marginally in the later hours and touched $0.00215 by 1.51%. Then, the coin jumped to $0.00226 by 3.16% and then, in the three hours, the price dropped to $0.00214 by 5.10%.
There was another escalation marked that took Dogecoin price to $0.002270 by 5.85%. The closing hours created a pullback pressure that brought the coin to $0.00212 from $0.00226 by 6.41%. The intraday movement in the coin reflected 3.16% regression the price. Today, Dogecoin reflected heavy fluctuations in the opening hour. The price touched $0.00232 but later slipped to $0.00212 by 7.36%. Then, DOGE price jumped to $0.00229 by 8.09%. Later, the price slipped to $0.00226 by 1.21%.
The currency is dealing slightly above the immediate support level. The improvement in the chart might take the price to the immediate resistance level at $0.00241 in the upcoming hours.
|Resistance Level||Price||Support Level||Price|
|R1||$ 0.002412||S1||$ 0.00225|
|R2||$ 0.002467||S2||$ 0.002143|
|R3||$ 0.002574||S3||$ 0.002088|
The future of the coin is anticipated to bring great results to the investors. The traders are recommended for opting the long-term investment as it might bring the desired result.