Since there is no deny in the fact that DOGECOIN, despite all its efforts, has again terribly failed at making it to the top. Well, the current market is undoubtedly witnessing a phase where almost all the coins are facing their hard times and that’s why it’s perhaps in vain to expect much at this point.
However, analysis of DOGECOIN somehow indicates that although the coin is facing bearish trends at this point 1it’s most likely to grow in the coming month.
DOGECOIN’S STATISTICS AT PRESENT
Considering the present market scenario, Dogecoin at present can be seen trading at $0.002449.
The ROI of the coin is at 330.83% to be exact.
Speaking about the 24-hour volume of the coin, it’s somewhere around 25,956,249 USD.
The current market cap of the crypto is marked as 291,246,737 USD whereas the circulating supply is at 120,981,612,398 DOGE.
|Market Cap Dominance||0.12%|
|Volume / Market Cap||0.1743|
Dogecoin Price Prediction
The price of dogecoin has not shown any remarkable growth in the past few days. Doge price remained well bid above the key $0.002425 support area against the US Dollar. The price is currently moving lower and is placed nicely below the $0.0024 pivot level. There is a descending channel forming with support near $0.002450 on the hourly chart of Doge/USD. The price is currently under market pressure. The price of dogecoin at the starting of the month was $0.0029 and is now reduced to $0.0024, which indicates a negative price difference.
The price of dogecoin is trading 10% down in the last 30 days. The current price of dogecoin does not indicate any recovery in the short term. Looking at the current market performance and the price of the major altcoins is bearish. Hence, following the league the Dogecoin price prediction is also bearish.