Dogecoin is spotted with a slight upside momentum after passing a horrifying crash in the last couple of days. The top guns of the market like Bitcoin, Ethereum, and rest were also victimized. Till last week, Dogecoin was trading with moderate movement but yesterday, the currency was spotted reshuffling the 52-week low at $0.0012. However, after dropping to such a lower level, DOGE reflected recovery. Today, the currency is spotted registering dramatic movement that could be seen transforming into a positive closing.
Dogecoin Price Analysis
Yesterday, Dogecoin began dealing at $0.00154 during the opening hours, and in the next two hours, the price dribbled to $0.001185 by 23.33% fall. There was an immediate improvement that took the DOGE price to $0.00167 by a massive hike of 42.09%. Then, the price dribbled once again, and this time, the price counter stroked at $0.00145 at 06:42 UTC. After that, Dogecoin’s price exhibited steady improvement and marked a 15% progression from $0.00157 to $0.00181 at 14:47 UTC. However, the price dribbled tremendously to $0.00154 by 15.18%.
After hovering around the same, Dogecoin reflected a slight plunge to $0.00154, and later, the coin escalated to $0.00176 by 14.48% at 20:12 UTC. In the next 3 hours, the price escalated to $0.00184 but closed the day at $0.00178. The day-long movement reflected a 15.43% escalation in the price. Today, Dogecoin started with a moderate plunge, and the price counters moved from $0.00178 to $0.00167 by 6.30%. The price improved and is currently at $0.00175 by 4.54% hike.
As per the MACD indicator, the signal line and the MACD line have intersected and created bearish crossover. The current price of Dogecoin is $0.00175. The prospect of slipping to the immediate support level is quite thin. However, as per dogecoin predictions, the chances of improving to the immediate resistance level at $0.00194 are strong.
Resistance & Support Levels
R1: $0.001942, R2: $0.002147 and R3: $0.002494
S1: $0.00139, S2: $0.001043 and S3: $0.000838
