Dogecoin (DOGE) was dogged down by the bears due to the continual bearish volatility in the crypto market. The 3-month price trend of the coin shows that it is trying to rise despite the strong bearish undercurrent. Currently, it is trading in the range between $0.00192 – $0.00345.
Dogecoin is showing massive price fluctuations over the last 3-months due to continual volatility in the market. The price was trading below the baseline on December 18, 2019. The currency managed to recover at $0.002631 on January 19, 2020, showing an upward momentum to the extent of 36.72%.
Dogecoin Price Chart
After reaching this high, the Dogecoin price started to trade downwards and touched $0.002159 on January 26 by a massive fall of 17.96%. Still, the coin did not let the bears move forward and took a huge upward rally to the tune of 60.04% on February 09 at $0.00345. After registering a massive hike, DOGE faced bear pressure and again dropped down to $0.002199 on February 29. However, from this low, the currency started recovery, and today, it touched $0.0025 mark by 13.63% hike.
Dogecoin price continues to give a good fight from the last few days in the ongoing bearish volatility. As per Trade99’s analysts, the ongoing trend is to stay for the short run as the market volatility is still strong but expect the coin to recover during the upcoming months.
DOGE is a good investment for the future, so investors should hold the coin from a long-term perspective. Day traders and short-term investors can continue trading and make quick gains but should exercise a cautious outlook.