Dogecoin (DOGE) Exhibits Almost 8% Progression Overnight
The crypto market brought-in the bulls over the last 24 hours. The top guns like Bitcoin, Litecoin, Ripple, Ethereum, etc. were reflecting steady upside momentum during the same period. Dogecoin usually follows Bitcoin, and hence it also spotted marking an improvement. The influence of the momentum was felt during the opening period of the day. Today, DOGE/USD reflected a slight plunge after a marvelous opening, but recently, it again started improving. The current bullish trend is likely to take the price above the monthly high of $0.0022.
Over the last week, Dogecoin exhibited slow and steady upside movement with moderate volatility. Around March 28, the currency was trading at $0.0017 mark, but then, it spotted continual upward momentum, and today, it breached $0.0020 mark.
Dogecoin Price Analysis
Yesterday, DOGE price was trading at $0.001830 during the opening hour. Then, the price escalated to $0.00192 by 4.99% within the first hour and kept hovering around the same till 03:00 UTC. Later, the price escalated to $0.00198 in the next 4 hours and remained intact till 09:00 UTC. With a slight plunge to $0.00184g, the Dogecoin price regained $0.00199 price level.
Further, the currency marked steep fall, which took the price to $0.00184 again, but immediately recovered, and this time, the coin crossed $0.0020 mark. The momentum remained intact, and the DOGE price touched $0.00205 at 20:05 UTC. After hovering around $0.00204 for a couple of hours, the day ended at $0.00198, with an intraday profit of 8.27%.
Today, Dogecoin started trading with an upward movement. The price counters moved from $0.00198 to $0.00208 by a 5.19% hike. The coin price dribbled in the following hours with a moderate fall. At 03:15 UTC, the price touched $0.00197, and then, it continued to trade at a similar level. The chances for Dogecoin price to breach the next resistance level at $0.0022 are relatively high, then falling below the immediate support level at $0.00189.