Dogecoin (DOGE) has been managed to hold its price above the baseline even in the ongoing bear market. The YTD price chart for DOGE shows the price variations in the range of $0.0018 – $0.0038.
Dogecoin Price Analysis:
Dogecoin had started the year on a low note but managed to pick up some pace till the bears set in the crypto market in July. From a low price of $0.001778 on February 05, DOGE price shot up to $0.003657 on April 04 at a gigantic rate of 105.89%. But on May 07, the Dogecoin price fell to $0.002399 at a rate of 33.94%. Then, the coin recorded some recovery and the price moved up to $0.003788, the upward movement is to the extent of 58.13%. The bears had become stronger after that and the effect could be seen on the price of major altcoins, including DOGE, and the price fell to $0.002157 on September 24, downward swing was to the massive extent of 43.05%. Today, Dogecoin is trading at $0.002444, the slight rise is to the extent of 13%.
Dogecoin to USD Price Chart:
A bad start to the year could not deter the price of Dogecoin from moving upwards. The price had a good rally in April and May. With the entry of bears in the crypto market, the price took a downturn. Still, the DOGE has managed to hold its price above the baseline.
As per the current price trend and historical data, analysts are confident about the potential of the coin and expect it to trade upwards by the year-end. Long-term investors can continue to hold on to their investments.