Dogecoin’s Price Trend Strengthens; Resistance at $0.002088 is Likely

Dogecoin has maintained its value above $0.00201. Even amidst huge volatility in the market, DOGE managed a hike of a marginal 0.067% in the last one day. It has shown three major price swings in the range between $0.00211334 and $0.00193135. It is currently being traded at $0.00201450.

Dogecoin opened the day at $0.00201314, and over the next 16 hours, it managed a hike of 4.98% that took the price to $0.00211334, the highest for the day. It was followed by a decline of 8.61% that cost $0.00018 to the coin and pushed the Dogecoin price to $0.00193135 by 22:39 UTC. Towards the closing of the day, the price started gaining. By 01:40 UTC, Dogecoin gained a 4.20% value and reached $0.00201158.

Dogecoin Price Prediction

The market cap of Dogecoin seems to have reversed the trend. Over the last 24 hours, it has fallen to 251.746 million USD from 252.331 million USD. It should be noted that the market cap has been on the downfall for most of this month. It was moving around 300 million USD towards the end of November.

Dogecoin’s 20 days MA stands at $0.00197167, and it’s 50 days MA is now at $0.00201394. The current price of DOGE is at $0.0020145, which is 0.027% and 2.17% more than the 50 days and 20 days moving averages, respectively from DOGE price prediction, the coin may get bullish for next few days.