The crypto market closed in 2019 with a heavy fall. The impact of the fall is still observed in the Dogecoin’s momentum. The same might lift in the coming hours, yet the possibility is extremely thin. The currency was seen with extraordinary potential in the first half of 2019. The traders are eyeing for a similar movement in 2020 too.
Dogecoin Price Analysis
Yesterday, Dogecoin started dealing at $0.00202. The price slipped to $0.00194 by 4.02% fall within the opening hour of the day. The currency traded at a similar range for almost half of the day. Then, Dogecoin’s price traded to $0.00203 from $0.00194 by a 4.65% hike. The coin couldn’t hold itself at the level and fell to $0.00193 by 4.96%. In the later hours, the price dropped once again and this time from $0.00201 to $0.0192 by 4.37%. DOGE closed the day at $0.00193 with an overall intraday loss of 4.36%. Today, Dogecoin started the day with an upsurge of 4.57%. The price counters moved from $0.00193 to $0.00202. Recently, the price dropped to $0.00194 by 3.80% drop.
Dogecoin is currently trading at $0.00194. It has breached the immediate support level at $0.002015. The coin is speculated to remain the same for the rest of the day. However, as per dogecoin prediction, the coin holds a high expectation of improvement in the future. The interested traders are recommended to opt for long-term investment. The same might bring a colossal profit.
| Resistance Level | Price | Support Level | Price |
| R1 | $0.002049 | S1 | $0.002015 |
| R2 | $0.002069 | S2 | $0.002001 |
| R3 | $0.002083 | S3 | $0.001981 |