Dogecoin price trades stably over the last days. The currency often seems to hold itself properly between the heavy pressure. The current movement is spotted again under pressure, but the coin is spotted trading with moderate movement. From the past couple of days, the price is hovering around $0.00263.
Dogecoin Price Analysis
DOGE price was at $0.00260 on February 18, and then, it escalated to $0.00284 by a massive hike of 9.22% in the next 7 hours. After this hike, the currency faced a steep fall of 7.48%, and the price touched $0.00268. Later, Dogecoin’s price recovered to $0.00288 but again fell to $0.00270. Then, it began improving around the closing hours of February 18 and continued till 02:50 UTC and touched $0.00294. Later, the price dropped to $0.0027 at 6:35 UTC and hovered at the same level for a while.
On the next day, Dogecoin plunged to $0.00254 from $0.00285 by a huge fall of 11%. The currency remained locked around $0.00263 for some time, and then, the price dropped to $0.00246 on February 20. DOGE again held the $0.00263 level tightly till February 22, and then, it slipped to $0.00250 by 7%. Later, the coin recovered to $0.00271 by 8.22%. Dogecoin closed the day at $0.00251. The coin improved to $0.00268 from $0.00251 by 6.60% and then, it continued to trade moderately but locked itself around $0.00263 level again. Recently, Dogecoin’s price dropped to $0.00253 but again immediately recovered to $0.00263.
As per Trade99’s analysts, the coin might be seen trading downwards in the upcoming hours. The current price is near the immediate support level at $0.00257. The same could be breached at any moment. However, if it reverses that current trend, then the coin would be seen escalating to the immediate resistance level at $0.00270.