Dogecoin News

Dogecoin Exhibits a Bullish Run Over the Last Week

  • Dogecoin price managed to soar by 4.91% over the last week
  • The next resistance point may come at $0.002517
  • There may be ongoing price volatility on the price trend of Dogecoin in the medium-term

Dogecoin has been through moderate price volatility over the last week. However, despite price fluctuations, it has been up by 4.91% in this period. The current price trades around $0.002445.

Dogecoin Price Analysis

Dogecoin was trading at $0.00233075 on January 27, and in the next two days, it marked upside movement and reached $0.00252423 by 8.30% hike. It was followed by a price drop of 8.74% in the value that cost it $0.00022065 and pulled DOGE price down to $0.00230358 by January 31. At this point, the currency started upside movement and between January 31 & February 03, Dogecoin’s price was up by 11.95% and traded from $0.00230358 to $0.00257877.

Dogecoin NewsAt the time of writing, Dogecoin was trading at $0.00244527 and which was almost 1.5% below its 50 days MA ($0.00248338) and 20 days MA ($0.00249129). And from this placement of current price, the coin may not shield itself completely from the unprecedented price changes in the near-term. Investors, however, need to approach intraday trade with high caution.

Dogecoin (DOGE) Resistance & Support Levels
1st Resistance $0.002517
2nd Resistance $0.002567
3rd Resistance $0.002628
1st Support $0.002406
2nd Support $0.002345
3rd Support $0.002295

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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