The crypto market closed 2019 with a sharp decline. The effects of the decline can still be seen in the Dogecoin dynamics. The same could rise in the coming hours, but the possibility is extremely slim. The currency was seen with extraordinary potential in the first half of 2019. Traders are aiming for a similar movement in 2020 as well.
Dogecoin price analysis
Dogecoin started trading at $ 0.00202 yesterday. The price fell 4.02% to $ 0.00194 within hours of the day. The currency was trading in a similar range for almost half the day. Then the price of Dogecoin traded from $ 0.00194 through a 4.65% increase to $ 0.00203. The coin failed to hold its ground, falling 4.96% to $ 0.00193. In the later hours, the price fell again, this time by 4.37% from $ 0.00201 to $ 0.0192. DOGE closed the day at $ 0.00193 with an intraday loss of 4.36%. Today Dogecoin started the day up 4.57%. The price counters moved from $ 0.00193 to $ 0.00202. Recently the price fell 3.80% to $ 0.00194.
Dogecoin is currently trading at $ 0.00194. It has passed the immediate support level of $ 0.002015. It is speculated that the coin will stay the same for the rest of the day. However, Dogecoin expects a great improvement in the future. Interested traders are advised to opt for a long-term investment. The same could bring colossal profits.
|Resistance level||price||Support level||price|
|R1||$ 0.002049||S1||$ 0.002015|
|R2||$ 0.002069||S2||$ 0.002001|
|R3||$ 0.002083||S3||$ 0.001981|