Dogecoin has managed to reflect a moderately bullish price trend over the last 30 days. At the time of writing this piece, the price was trading at $0.002335, and it has been up by a whopping 13.10% for the last 30 days. The trend is likely to be continued for the currency in the upcoming days.
Dogecoin Price Analysis
Dogecoin was being traded at $0.00206 on December 17, and its first significant increment started on December 18. By December 22, DOGE has lifted its value by 13.46% to be placed at $0.002155. The next two days saw a marginal decline in the trend. However, on December 24, the Dogecoin price again started moving upwards.
Over the next 14 days, it gathered 16.06% to find the value of $0.002259. The last major variation happened between January 09 & 15. Over these six days, Dogecoin’s price got strengthened by 21.63%, and the value traveled from $0.002045 to $0.002488.
On December 17, the market cap was at 247.187 million USD, and over the last 30 days, it has been inflated to 292.868 million USD.
Dogecoin’s current price is lagging behind its both the shorter span moving averages, i.e., 50 days MA ($0.002403) & 20 days MA ($0.002398) by an almost 2.6%. The placement of these moving averages indicates moderate movement shortly. However, as per the dogecoin price forecast, the Dogecoin may steadily race towards $0.002485 as its next resistance. Investors are advised to aim at long-term investment for gaining decent returns.