The crypto market has improved the momentum since the past week if compared to the last week of March. The traders were expecting improvement. The market has outperformed the anticipations. Dogecoin’s monthly chart is exhibiting slow and steady improvement in the price. Amid March 10 – 13, the coin was spotted falling tremendously, and then the coin initiated strong recovery, but even after 30 days, there is a 10% loss marked. The upcoming days would bring the anticipated improvement.
Dogecoin Price Analysis
On March 10, DOGE/USD started dealing at $0.002218. With a spike at $0.0023, the coin faced rejection and dribbled to $0.00132 in the next 3 days by a massive decline of 42.29%. After this fall, the currency marked a sharp upward move and reached $0.00181 by 37.46% hike and remained at the same level till March 16. Later, at 11:00 UTC on March 16, Dogecoin’s price dropped to $0.00142, but improvement embarked immediately after the same, and the coin touched $0.00193 by a massive hike of 36.14%.
After this tremendous hike, DOGE price manages to trade stably with moderate volatility till March 23. Then, the currency improved to $0.00192 by 14.23% hike on March 24, and later, it was spotted hovering around the same level till March 28. With a slight plunge to $0.00166, Dogecoin’s price improved to $0.00183 and ended the month. The coin began April with a slight slip to $0.00173, but over the next 3 days, the price escalated to $0.0019 and remained at the same till April 06. In the latter days, Dogecoin improved to $0.00206 and continued to trade at a similar level.
As per the MACD indicator, the MACD line overpowered the Signal line and thus forming a bullish crossover. The current price of Dogecoin is $0.00204 and looks like the immediate resistance level at $0.00205 would be breached at any moment. Moreover, if you want more details about this price variation, you must check out the dogecoin price forecast.