Dogecoin News

Dogecoin Hits a 90- Days High at $0.003238 After 47.18% Hike

  • Dogecoin hits a 90 days high point, as it gained 47.18% over the last 30 days
  • The next resistance seems imminent at 0.003458

Dogecoin price marked strong upside momentum from the past 30 days, and it has followed a similar path of most of its peers. The current value rests at $0.003238, and at the time of writing this analysis, it saw a moderate price correction, but the overall trend is upward one, and hence, it may continue its gaining spree in the short-term outlook.

Dogecoin Price Analysis

The first swing of DOGE happened between January 11 and 19. Over these eight days, its value was escalated by 20.46%, and it traded from $0.0022 to $0.0026. On January 19, Dogecoin started showing downside correction, and by the next 5 days, it was pulled down to $0.00213980, the lowest point of the month. It was followed by a 64.79% hike that added $0.001390 to the value and pushed the price to $0.00353565 as on February 09.

DOGE Price NewsDogecoin’s current price at $0.003238 is below its 50 days MA ($0.003318) and above the 20 days MA ($0.00323). The placement of the current price above 20-days moving averages hints at the upcoming moderate volatility. There may be a few unprecedented price shocks in the intraday level.

Dogecoin (DOGE) Resistance & Support Levels
R1 $0.003458
R2 $0.003684
R3 $0.003837
S1 $0.003079
S2 $0.002926
S3 $0.0027

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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