Technical Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) becoming the quality altcoin, however, trading downwards

Dogecoin, to our surprise, is becoming one of the quality altcoins in the near future. With the recent trades and trends, DOGE has attracted many traders to invest in their pool. However, after the Binance news, the value has dropped again, but it seems that it might be surging back to the upward motion again.

Dogecoin to USD Price Comparison

The price of DOGE is trading at $0.00321281 at 07:42 UTC on 11th July 2019. The remaining essentials are as follows:

  • Return of Investment: 477.90%
  • 24 Hour Volume: 50,112,433 USD
  • Market Cap: 388,475,998 USD
  • Total supply/Circulating Supply: 120,302,510,051 DOGE/ 120,302,510,051 DOGE
  • 7 Day high/low: 0.004471 USD / 0.003130 USD

The highest price of Dogecoin in the past 5 days was seen on 6th July at 00:00 UTC trading at $0.003976. The value then dropped by 21:50 UTC on the same day by 16.09% trading at $0.00333. The value escalated next day by 11.76% at 19:45 UTC trading at $0.003720.

After that day, the DOGE price has seen a constant drop. Yesterday the value was the lowest touch down of $0.003157 (dropped by 15.07%) at 20:05 UTC. The value today has now increased by 1.74% by then.

Dogecoin Price Prediction and Conclusion

Dogecoin price is currently trading downwards, but it might peep up slightly in between overall bearish run. So, Traders needs to be cautious while trading from a short-term perspective. Considering the near future, we might see the same trend in the Dogecoin price. But it might be too soon to say as we are still waiting for some new exciting announcements. After all, DOGE has become one of the quality altcoins.

Sara Ford

Sara Ford works as a senior editor at fxnotch.com. She has 6 years of experience as editor. She has deep knowledge about finance and loves reading finance news.

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