Dogecoin (DOGE) has been one of the most promising coins in the crypto market, which also got sucked into the bearish onslaught in the crypto market. However, the coin has at regular intervals yielded surprises braving bear pressure. The past one day was a mixed bag for the DOGE as though the price tried to be in the upper range, it was mostly trading below the baseline. Dogecoin price has been oscillating in the range between $0.0019 – $0.0021 over the past day.
Dogecoin Battles Bear Pressure
DOGE price is trying to move its price in the upward range though the bears are keeping the price mostly below the baseline, as seen from yesterday’s price movement. From being at a high price of $0.002110 at 00:26 UTC, the price went below the baseline at $0.001979 at 9:29 UTC showing the downward movement to the extent of 6.21%. Dogecoin price managed to pick up and move in the higher range and reach $0.002082 by 5.19% hike at 13:05 UTC. With the bear pressure continuing, the price went down to $0.001997 at 21:45 UTC. Even in the strong bearish sentiment, the currency has managed to put up a brave front, and today the price of Dogecoin has risen to the extent of 3% at $0.002063.
Dogecoin is trying to stay out of bear pressure, and it has managed to trade above the baseline. Analysts are confident about the potential of the coin to yield great returns in the future and are not worried exactly For further price variation, just check out the dogecoin forecast page now to learn more about the same.
Investors should hold on to their existing investments as this is a coin in the long run. Short-term traders can continue to trade, albeit carefully.
