Dogecoin News

Will Dogecoin Make a Turnaround from the Current Momentum?

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Dogecoin price evaluation for almost a week indicates that slight downside movement is prevailing today. DOGE was being traded at $0.00276401 on October 29, 2019 with the movement being an upward one. On the next day, there was a drop of 9.08% as compared to the said price. Despite the falls, it was being traded at $0.00271160 on October 31, 2019. In the past 8 days Dogecoin has seen many ups and downs.

Dogecoin Chart

Dogecoin Price Analysis:

If we compare the price of Dogecoin since yesterday, at present, it is indicating a downtrend of 5.04%. As per the current trend, the same movement is likely to remain with the coin.

We strongly recommend to hold the existing coins in hand as per DOGE’s current price trend. The MACD indicator shows that it is moving downwards. DOGE can be traded in the range of $0.00250325 and $0.00261554. Trading from the long-term will prove to be beneficial as the coin can reach as high as $0.0027 soon. If the price of the coin continues to fall, the next major support levels may be seen around $0.0025.

Resistance & Support Levels

R1: $0.002658, R2: $0.002693 and R3: $0.002734

S1: $0.002582, S2: $0.002541 and S3: $0.002506

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