Cryptocurrency

Dogecoin price decreased by -0.03% over the past 24 hours.

Dogecoin price decreased by -0.03% over the past 24 hours.
Dogecoin price decreased by -0.03% over the past 24 hours.

DOGE Analysis

Overall Performance
24-hr 7-Day 30-Day 1-Year Mkt Cap. 24-hr Vol.
-0.03% 1.27% -13.88% 2.28% 9.00 bn 0.29 bn

Dogecoin (DOGEUSDT) price over 7 days gained 1.27% to 0.06381 . For the record, DOGEUSDT is -91.29% below all-time high of 0.73158.

Over the last 30 days, DOGE is down by -13.88% while 12-month period is up by 2.28%.

For the week, our technical outlook suggests price consolidation while Dogecoin is up over the last 7 days.

DOGEUSDT

What can we expect from Dogecoin today?

At time of writing, however, Dogecoin has decreased by -0.03% over the past 24 hours. Our daily analysis is that the price action looks mixed.

Looking ahead for the day, immediate support level is at 0.06265 (S1) with break below could see further selling pressure towards 0.06150 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 0.06426 as a possible indicator of buying interest. Break above could target 0.06542. Rejection from the resistance level could suggest price consolidation.

Key levels to watch out:

R3 0.06657
R2 0.06542
R1 0.06461
Daily Pivot 0.06346
S1 0.06265
S2 0.06150
S3 0.06069

About Dogecoin

Dogecoin is a cryptocurrency based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a “joke currency” on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.

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