Dogecoin (DOGE) Made a Bounce-Back of More Than 3.5% in The Intraday Trading

Dogecoin Price Analysis

Just a few days back, the developers of Dogecoin released the source code of version 1.14.1 of the crypto. However, in the initial test runs, there are problems with the Gitian VMs to produce verifiable builds, i.e., its binaries still require some debugging.

Dogecoin Price Analysis and Forecast:

On August 11, Dogecoin was trading at 0.00296801 USD. However, today after 25-days, the crypto has gone down by 11.34%. In the weekly trading, the coin has traded almost flat and slowed a bit by 1.47% from its earlier price of 0.00245669 USD on August 30. However, in yesterday’s trading, the coin has made bounce-back of 3.61% where it opened at 0.002596 USD and closed the intraday trading at 0.002690 USD.

After a week of flattish movement, the hike in the crypto on the other day was a bit of consolidation for the DOGE enthusiasts. According to our prediction, the altcoin might trade around 0.05 USD by the end of the year. For now, the immediate resistance for the coin is at 0.002743 USD and support at 0.002389 USD.

Dogecoin Price

Although DOGE developers have released a newer version of the source code, according to estimation about 66% of the community id still using version 1.10, it signifies that the team needs to work on the accountability of the newer versions.