- Dogecoin price is finding it hard to sustain its upward momentum as seen from the weekly price movement
Dogecoin (DOGE) price had managed a stable upward momentum till July. From there, it was a continual downhill for the currency. The price is still under a lot of pressure though the DOGE is trying hard to recover as seen from the last week’s price movment where the prices have been oscillating between $0.0022–$0.0024.
Dogecoin Price Analysis:
The currency has been under continual bear pressure as seen from the last few weeks. From a high of $0.0023 on October 06, the price of Dogecoin traded down to $0.0022 on the next day, the downward swing was to the extent of 5.68%. On October 09, the DOGE price rose by 9.89% and traded above $0.0024. However, this price rise was short-lived as the coin registered a 7.88% fall and retested $0.0022 mark on October 10. Today, the price is still trading around $0.0022 which shows a moderate momentum.
Dogecoin has not been able to maintain its stable momentum since the bears got stronger in the crypto market. Though there have been intermittent bull runs, the bears still have a strong grip over the DOGE price movements and the bearish sentiment is expected for the short-term. Analysts are, however, bullish on the coin and expect a turnaround by the year end. Investors do not have much option in this current crypto market volatility and should wait and watch till the market reaches a level of stability. Therefore, you must go through the doge forecast page evaluated by experts to know about the upcoming price prediction quickly.
