Yesterday, Dogecoin started trading with a bearish trend. Dogecoin usually walks on the footsteps of Bitcoin, but today, the path is disturbed due to the selling pressure. The currency would improve in the coming days. The traders can expect an early recovery in the currency, but today, there might not be so favorable closing.
Dogecoin Price Analysis
Yesterday, Dogecoin’s price started dealing at $0.00212960. The price escalated in the later hours from $0.002062 to $0.00218 by 6.14% hike. Further, the price dropped to $0.002026 from $0.002184 by a huge fall of 7.22%. After this price crash, the currency traded at the same level for some time but escalated again. The counters moved from $0.002033 to $0.002199 by an 8.21% hike. Then, the currency slipped again and reached $0.002028 from $0.002188 by 7.30%. The closing hour took the Dogecoin price to $0.002175 from $0.002037 by 6.78%. The intraday movement in the coin reflected 2.07% progression. Today, the price of Dogecoin escalated to $0.00217 to $0.002234 by 4.12% hike. Then, it dropped to $0.002121 by 6.78%. Later, the price slipped to $0.002116 by 4.23%.
Presently, Dogecoin’s price is trading at $0.002202. As per the Trade99’s analysts’ prediction, the coin may breach its immediate support level at $0.002188 soon. The intraday movement of the coin might not be impressive, but in the long-term, it might give a satisfactory result. The traders are recommended to opt for long-term investment. The same would help in drawing high returns in the future.