The movement of Dogecoin is falling weak from the past couple of weeks. The price is sliding towards the $0.0020 gradually. The coin has always been anchored by Bitcoin, but the same is also spotted under the bearish trend.
The improvement in the DOGE price is anticipated to be delayed. The traders interested in the coin are suggested to remain calm until the market exhibits substantial improvement. The coin is likely to have a great future, despite the current pullback pressure.
Dogecoin Price Analysis
Yesterday Dogecoin price started dealing at $0.002119. The coin remained moderate around the same level. Later, the price improved and jumped to $0.002151 from $0.002040 by 5.48%. Further, the price of Dogecoin slipped to $0.002060. The price escalated to $0.002197 by 6.74%. The coin traded at the same level but later slipped to $0.002064 from $0.002209 by 6.59%. During the closing hours, Dogecoin’s price escalated to $0.002135 by 3.48% hike. The intraday movement in the coin reflected 0.77% progression in the price. Today, the currency began the day with an escalation of 3.75%. The price counters moved from $0.00211 to $0.00219. Later, Dogecoin slipped to $0.002041 from $0.002193 by 6.95%.
The immediate support level for Dogecoin is $0.00209. As per the current scenario, the coin is presently trading at $0.00212. However, a few hours ago, DOGE was spotted dealing around its crucial support $0.00204.
| Resistance Level | Price | Support Level | Price |
| R1 | $0.00219 | S1 | $0.002099 |
| R2 | $0.002226 | S2 | $0.002044 |
| R3 | $0.002281 | S3 | $0.002008 |
The coin is recommended for long-term investors based on our DOGE predictions. The short period is anticipated to be chancy; hence, we wouldn’t vote for the same.