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Dogecoin (DOGE) Forwards the Bearish Trend by Losing 6.15% Overnight

Dogecoin seems to have followed the market trend, and it has lost 6.15% overnight. The price has fallen to $0.001937 from $0.002064 in the said time frame. It has been through moderate price fluctuations in this period and traded between $0.0021 & $0.0019.

Dogecoin price was being traded at $0.002064 at the starting of the day, and over the next 10 hours & 45 minutes, it gained 3.27% and reached $0.002132. It was followed by a steep fall of 10.55% that cost it $0.0002 that pushed the Dogecoin price to $0.001909. After this massive decline, DOGE/USD managed to gain momentum and reached $0.002009 by 5.21% hike.

Dogecoin Price Prediction

If we look at the technicals, the currency might keep the current trend intact for the near-term. The 20 days & 50 days MAs stand at $0.00198743 & $0.00197058, respectively. The current price of Dogecoin is 1.68% and 2.51% less than the 50 days & 20 days moving averages. As per the DOGE price prediction, the current price is placed below both the averages, and it can be predicted that the coin may not have a decent run in the coming few days. It is likely to seek the support of $0.0019.

Dogecoin (DOGE) Resistance & Support Levels
1st Resistance $0.002114
2nd Resistance $0.002210
3rd Resistance $0.002269
1st Support $0.001959
2nd Support $0.001900
3rd Support $0.001804
Ronald Cribbs: Ronald Cribbs is a reporter who has studied in Journalism and previously worked as a freelance reporter in well-known publications and financial news websites. He is regularly going for the interview with leading industry players of crypto space. He has been following cryptocurrencies since 2012.