Dogecoin Shocked the Market with a Whopping 10.60% Hike Overnight

Dogecoin has gained 10.60% value overnight and it has gone as high as $0.0028 again. It has been through three price swings in this period. As per the current upside momentum, the currency might retest $0.0029 soon.

Dogecoin Price Analysis:

The first swing of Dogecoin started at 00:03 UTC and over the next 7 hours and 54 minutes, it went on to add $0.002 and reached $0.00279120. Then, it faced steep fall and the price fell to $0.002636. From this low, between 08:10 & 15:10 UTC, Dogecoin marked a massive hike of 13% and touched $0.00298112. However, the coin couldn’t manage to stay at this high and started downward correction. At 01:30 UTC, DOGE/USD spotted at $0.00275 after registering 7.63% fall. 

Over the last week, Dogecoin exhibited moderately upward momentum. It started at $0.0023 and it went as high as $0.00293 in this period. The current market cap of DOGE stands at 347.75 million USD.

The 50-day & 20-day MAs are at $0.00241087 & $0.00237529, respectively. The current price is at $0.00282998 and it is respectively 17.38% and 19.14% more than the 50-day and 20-day averages. The next resistance for Dogecoin is likely to come by $0.002928 as per Dogecoin price prediction.