Dogecoin price was traded at $0.00234596 on January 2, 2019, with a downward trend. After about a month, the currency dipped down by almost 24% and reached $0.00178788 which was also the lowest trading price for the year. There was a very steep upward rise marked on March 31, 2019, and DOGE price escalated by a phenomenal 79% and was traded at $0.00366982 on April 4, 2019. At this level, Dogecoin was unable to maintain its efficiency and it started to decline. After a steep fall, there was a growth of 39% recorded with the price being traded at $0.00335616 on May 15, 2019. The upward trend continued with the coin reaching the highest price of $0.00358501 on July 5, 2019. Soon there was a dip of 29% and the coin reached $0.00272147on July 16, 2019. There was a rise of 15% marked on September 19, 2019, but the trend continued to be bearish. While writing this price analysis, Dogecoin was dominated by the bears.
If we look at the price movement of Dogecoin from the last two months, the currency has recorded a 27% drop. Currently, the coin is showing signs of a downward run and may get traded near its immediate support of $0.00199.
As per Trade99’s analysts’ recommendation, this is the best time to buy the new coins. CMF indicator also presents the downward movement is here to stay for Dogecoin. April to August was the best phase for the coin as it was maintaining an upward trend. For the remaining part of the year, the bears have been controlling Dogecoin.