Dogecoin Price Analysis: Dogecoin (DOGE) indicates a fall in the intraday chart; the high prospect of upsurge is suspected

Dogecoin Price Analysis: Dogecoin (DOGE) indicates a fall in the intraday chart; the high prospect of upsurge is suspected

Dogecoin deals with the bear on the intraday chart. The coin is at a marginal loss which could be recovered in some time. Dogecoin (DOGE

Ethereum Classic Price Analysis: Ethereum Classic (ETC) drops on the intraday chart; downtrend scares the intraday traders
NEO Price Analysis: Will NEO continue with the bullish run in this week?
Gemini launches Crypto Custody Services
  • Dogecoin deals with the bear on the intraday chart.
  • The coin is at a marginal loss which could be recovered in some time.

Dogecoin (DOGE) was dealing with the bearish trend. The coin was seen booking profits from the last couple of days. Today, the market pressure brought the coin to a lower level. However, the coin from which Dogecoin gets highly influenced is climbing up on the chart; We are talking about Bitcoin, which is presently dealing at $10343. The coin is speculated to anchor Dogecoin out of the loss. The intraday traders can dig in Dogecoin to make high dividends.

Current Statistics of Dogecoin (DOGE):

The price analysis of the coin is done with the help of Trading View chart of 24th August 2019, at 07:56:48 UTC.

Looking at the chart, the price is indicating a slight tilt. The coin opened at $0.0027. There was a major drop within the first few hours. The coin fell from $0.0027 to $0.0025 by 7.64%. There was a recovery in the price which took the counter back at $0.0027 from $0.0025. The progression was of 8%. During the second half of the day, the coin again fell by 7.34%. The price dropped to $0.0025 again from $0.0027. The coin closed at $0.0027 by 0.68%. Today, the coin is again moving with a downward trend.

Summary of the statistics:

  • The coin is currently dealing at 0.002577 USD.
  • The ROI stands at 382.51%.
  • The coin is at the 29th position in the crypto market.
  • The market cap is noted as 325,999,695 USD.
  • The 24hr volume is marked as 21,720,769 USD.

Price Prediction and Conclusion:

Dogecoin (DOGE) was rising on the chart with a perfect momentum. The coin might seems disturbed for now, but the rest of the day is speculated to a better result. The coin has a high prospect of improvement in the coming years.

We believe that the coin might close the year with a bullish trend. The coming years would be taking the price up to 0.01 USD. The traders interested in the coin should dig in for a long term plan. The same would help them drawing a colossal profit.