Price Analysis

Dogecoin (DOGE) Shows the Steady Movement in the Cryptomarket

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Dogecoin Price Analysis and Forecast:

Let’s analyze the price variation of the coin over a period of 25-days. In that context, Dogecoin was trading at 0.00296859 USD on August 10. However, today, the crypto has gone down by 11.35%. Nevertheless, in the weekly trading, it showed a hike of 4.58% from its earlier price of 0.00251577 USD on August 29. Yesterday’s trading was a kind of flat one for the coin. On the previous day, Dogecoin opened at 0.002598 USD and with a marginal decline of 0.12%, wrapped the day at 0.002595 USD.  For now, the immediate resistance for the coin is at 0.002692 USD and support at 0.002528 USD.

Dogecoin (DOGE) has strong community support and a dedicated fan base. Some tweets from various celebrities over a period of time is enough for the coin to come in the news. Recently, a new update of the crypto has been released. As of now, the coin is facing a bearish trend, but it will surely give some good returns once the market correction occurs.

John Spann

John Spann is a full time news writer in CryptoMoonPress team. He holds post graduate degree in english language and literature. He is engaged to financial markets from 2010. He has written for some of foremost magazines of corporate firms. From last five years, he is closely involved in writing and analyzing of cryptocurrencies.

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