Dogecoin is Making Significant Progress Even Under Market Pressure

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Dogecoin is one of the most popular currencies this year. The currency was made some really good progress in the market and exerts are really positive about the prices. The currency has remarkably shown an increase in the market leaving all the top currency behind including Bitcoin, Ethereum and Bitcoin Cash.

Current Status of Dogecoin: The currency is currently trading at a value of $0.002735 and the value is increasing by 7.47%. The market capitalization of the currency is $332,740,337 and the 24-hour volume of the currency is $57,285,184. The circulating supply of Dogecoin is 121,661,367,822 DOGE and the ROI is 389.46%.

Price Analysis of Dogecoin: Yesterday the currency opened with a value of $0.002509 and close with a value of $0.002607. Even yesterday Dogecoin was not under bearish correction is was trading with the bearish increase in the value. The currency is showing a total increase of 3.94% from yesterday’s value in the price. The currency started September with a value of $0.0025, then value increased by 6.14% and achieved a value of $0.002661. However, after some time, the value decreased by 7.88% @nd reached a value of $0.0024.

Then after that, the value of the currency experienced an increase of 22.91% and the value of Dogecoin reached up to $0.0028 from the value of $0.0024. However, the currency drastically decreased by 32.97% and the value reached up to $0.0019. On the other hand, it made the rebound with an increase of 25.46%. The currency closed with a value of $0.0024 with a loss of around 4.12%.

In this month of October, the currency’s going up and up and all over the increase in the value was around 8.7% in the time of 15 days. One of the main progress was when the currency reached up to $0.0026 from the value of $0.0021. Today the currency is showing all buy signal which means bulls have the upper hand. The main resistance levels of the DOGE/USD pairs are $0.002750, $0.0028509 and $0.00296206. The main support levels are $0.002622, $0.002593 and $0.002552.

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