As the global economy slowed down, most of the significant cryptocurrencies moved through a strong bearish trend over the 30 days. Dogecoin was no exception, and in the previous 30 days, it has lost 41.16% value, and its current price is kept around $0.001589 after facing rejection above $0.0016.
Dogecoin to Recover After Sharp Rebound
If we look at the past 30 days’ price trend of Dogecoin, it was being traded at $0.002701 on February 18 with the regressive trend, and over the next 12 days, it got down by a massive drop of 21.10% and got confined to $0.002131. The next major swing happened between March 03 & 12. In these nine days, DOGE price made another drop of a massive 51.21% and traded near $0.0012. However, after facing a massive decline, Dogecoin registered a sharp upward movement. Over the next five days, the coin got ballooned up by 31.59% and touched $0.001634. However, at the time of writing this, DOGE faced moderate fall, and the price touched $0.001589.
Dogecoin’s current price is lagging behind its 90 days MA ($0.00162) and 200 days MA ($0.001626) by 1.91% and 2.27%, respectively. The RSI figure stands at 47.54 points. As per the current stable price movement, Investors can make a dogecoin price prediction that the coin may cross $0.0016 soon.
