X

Dogecoin Price Rallies by 3% Through Intraday Movement

  • Dogecoin (DOGE) price hits $0.0026
  • Dogecoin holds an impressive price momentum at present

DOGE price is exhibiting improvement in the momentum as the second month of the first quarter is indicating colossal growth in Dogecoin.

The speculations about Dogecoin are likely to be good. The coin has a great potential and would benefit the traders in the future. The investment in Dogecoin wouldn’t go futile.

DOGE/USD Price Chart:

DOGE/USD Chart By TradingView

Dogecoin began trading at $0.00256 and dropped to $0.00247 within the first 30 minutes. In the next 4 hours, the currency escalated to $0.00266 by 7.80%. Within this pick and drop, Dogecoin escalated to $0.00268 by 8.47%. Later, the coin slipped to $0.00249 by 7.35%.

Thereafter, Dogecoin started improving and escalated to $0.00271 by 6.83%. There was another fluctuation that brought Dogecoin to $0.00252. Further, the coin dropped from $0.00272 to $0.00251 by 7.60% and the intraday movement of Dogecoin reflected 1.43% progression in the price. Today, Dogecoin started trading with an escalating momentum as the price moved from $0.00259 to $0.00267. The coin dropped to $0.00248 at 01:38 UTC. The coin escalated to $0.00268 by 7.82% at 02:13 UTC and the currency is hovering at the same level since then.

As per the MACD chart, the MACD line and Signal line is indicating improvement on the chart. The line is indicating upsurge and thus Dogecoin might be seen breaking records as per DOGE predictions.

Dogecoin is currently at $0.00270. The coin has breached the immediate resistance level at $0.002644 and is at the next resistance level at $0.002706. It looks like in the coming hours the major resistance level at $0.002782 would also get violated.

R1: $0.002644 R2: $0.002706 R3: $0.002782

S1: $0.002506 S2: $0.00243 S3: $0.002368

Richard Lee: Richard Lee is a regular contributor, who curates in-depth news stories and analysis about the cryptocurrency and blockchain space. He primarily covers latest happenings of US cryptocurrency market. He contributes to a number of well-known industry magazines and news sites before getting into NameCoinNews. He has strong skills in technical analysis of cryptocurrencies.