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Dogecoin’s Volatile Phase to End Soon

Dogecoin’s last 30 days’ journey replicates a roller-coaster ride. It has been through immense volatility during the period. However, the change radiant remains at a minor 1.23% towards the downside. The current price of Dogecoin is trading around $0.002167.

Dogecoin price was at $0.002194 on December 09 when it started downside movement. Over the next 9 days, the coin fell by a whopping 12.65% that took the price down to $0.0019171. This is the lowest point for Dogecoin in the last 30 days. It was followed by a 9.70% price recovery that pushed DOGE price to $0.0021030 by December 23. The next few days saw a downtrend in the Dogecoin price. The last swing happened between December 25 & January 08, and over these 13 days, the currency has been traded upwards by 11.20% and got placed at $0.0022183.

Dogecoin Price Prediction

There has been a decent increment in the market cap of Dogecoin since the last month. Currently, it has been reached up to 301.065 million USD from 270.249 million USD in the last 30 days.

Dogecoin’s current price at $0.0021676 has managed a marginal lead of 0.77% over the 50 days MA ($0.0021509). However, it is still lagging behind the 20 days MA ($0.00217). It depicts the recent upsurge of Dogecoin’s price. As per our DOGE prediction and past performance, the upsurge is here to stay for some time. The next resistance seems imminent at $0.002502 with a bullish medium-term outlook.

Ronald Cribbs: Ronald Cribbs is a reporter who has studied in Journalism and previously worked as a freelance reporter in well-known publications and financial news websites. He is regularly going for the interview with leading industry players of crypto space. He has been following cryptocurrencies since 2012.