Dogecoin (DOGE) Price Analysis: DOGE Price Unable To Break $0.0020 Mark As Bears Made A Comeback

Must Read

Tezos (XTZ) Rally-Up Collapsed Against The Level Of $1.60

Tezos prices facing heavy resistance from the price level of$ 1.60 After enjoying a significant upsurge, XTZ prices...

Binance Coin (BNB) Struggling To Maintain Its Presence Above The Level $12 

Binance Coin(BNB)  Struggling To Maintain Its Presence Above The Level $12  BNB again acquired negative divergence and showing...

Ripple (XRP) Facing Increase In The Selling Volume Above Level Of $0.1700

The cryptocurrency is performing positively in the market with a slight gain in its prices. Ripple prices are...
Capture1
Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • Dogecoin price today has also been one the prime victim of the overall bearish movement in the market with facing the overall loss of -3.00%. 
  • However, the support level of $0.0015 is still intact for the altcoin. 

Capture
Source: Coin360

On the 7day-weekly chart, Dogecoin started with the strong support level of $0.0015. The overall bearish nature of the crypto market forced the price to drop to the level of $0.0017.

Advertisement


With the majority of the coin facing major downtrend today in which BTC broke below the crucial level of $6600k and ethereum barely surviving on the support level of $130, Dogecoin also faced negative momentum.

The current price is at the level of $0.0018 with the market capitalization of $225,486,942 and volume traded of $171,545,377. The current circulating supply is 123,654,460,995 DOGE. The DOGE/BTC is also performing negative in the market with an overall loss of -2.21%. This can be a negative aspect from which Doge can again face bearish momentum in the market. 

DOGECOIN Technical Analysis 

Screenshot (110)
Source: Tradingview

The dogecoin price chart reflects on the bearish momentum faced by Shiba Inu from the starting of March. The significance of the downtrend for the altcoin can be easily noticed in the graph. 

DOGE is facing price consolidation between the price range of $0.0015 and $0.0020. The current downtrend is also unable to break the price bracket as the cryptoasset got the major support level of $0.0016 and $0.0015. 

The technical indicators and oscillators somewhat favor the bears. The MACD levels are again showing bearish nature after dropping to the bullish zone and spending some time in the region. This is certainly not a good indication for dogecoin holders 

The 24hour- RSI is also showing downtrend nature and is about to reach a neutral level of 50. This also favors the bears. 

The CCI had negative divergence from the normal territory which has forced the levels which are about to reach the oversold region. If CCI levels reach the oversold region it will enhance the vulnerability of significant downfall and vice versa. 

Resistance Level: $0.0020 and $0.0022
Support Level: $0.0016 and $0.0015

Hot News

Tezos (XTZ) Rally-Up Collapsed Against The Level Of $1.60

Tezos prices facing heavy resistance from the price level of$ 1.60 After enjoying a significant upsurge, XTZ prices came short against a resistance...

Binance Coin (BNB) Struggling To Maintain Its Presence Above The Level $12 

Binance Coin(BNB)  Struggling To Maintain Its Presence Above The Level $12  BNB again acquired negative divergence and showing strong signs that it can...

Ripple (XRP) Facing Increase In The Selling Volume Above Level Of $0.1700

The cryptocurrency is performing positively in the market with a slight gain in its prices. Ripple prices are up surging towards the crucial...

ABBC (ABBC) Price Analysis: ABBC Bulls Looks Confident For $0.10 Mark

ABBC Coin is showing significant positive movement from the past few days and crossed the crucial level of $0.090 The ABBC/BTC pair is...

EOS (EOS) Again Suffering Downfall After Acquiring Level Of $2.2

The bulls again failed to maintain their presence above the price level of $2.22 The EOS/BTC pair showing a negative sign with a...

NEO (NEO) Price Analysis: NEO Bulls Prepares To Reclaim $7.00 Mark

NEO coin price is on a significant bullish momentum in today’s market with a 3.27% overall gain. The altcoin was facing downtrend in...

Partners

Binance Coin (BNB) Struggling To Maintain Its Presence Above The Level $12 

Binance Coin(BNB)  Struggling To Maintain Its Presence Above The Level $12  BNB again acquired negative divergence and showing strong signs that it can...

Ripple (XRP) Facing Increase In The Selling Volume Above Level Of $0.1700

The cryptocurrency is performing positively in the market with a slight gain in its prices. Ripple prices are up surging towards the crucial...

ABBC (ABBC) Price Analysis: ABBC Bulls Looks Confident For $0.10 Mark

ABBC Coin is showing significant positive movement from the past few days and crossed the crucial level of $0.090 The ABBC/BTC pair is...

EOS (EOS) Again Suffering Downfall After Acquiring Level Of $2.2

The bulls again failed to maintain their presence above the price level of $2.22 The EOS/BTC pair showing a negative sign with a...

RELATED NEWS

Tezos (XTZ) Rally-Up Collapsed Against The Level Of $1.60

Tezos prices facing heavy resistance from the price level of$ 1.60 After enjoying...

Binance Coin (BNB) Struggling To Maintain Its Presence Above...

Binance Coin(BNB)  Struggling To Maintain Its Presence Above The Level $12  BNB again...

Ripple (XRP) Facing Increase In The Selling Volume Above...

The cryptocurrency is performing positively in the market with a slight gain in...