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Dogecoin Price Analysis: The value of the currency is Lingering at around $0.0025

The cryptocurrency market is again suffering from the bearish correction. The top ten currencies are under the red signal again and the even many of the currencies in the market are under bearish pressure. Dogecoin is one of the most popular currencies in the market and has some real success this year. It is again under bearish pressure.

Yesterday, the currency has decreased by 3.21% and it is now hovering between the values of $0.0025 and 0.0026. Still, the experts are positive that the currency will again go bullish till the end of the year.

Current Status of Dogecoin. (DOGE): The currency is currently trading at the value of $0.002661 and its value is decreasing by 0.19%. The market capitalization for the currency is $321,702,476 and the 24-hour volume of the currency is $22,012,809. The circulating supply of the Dogecoin is 120,884,338,429 and the ROI of the currency is 376.26%.

On 20 August, the currency’s value decreased by 6.19% between the time of 01:15 UTC to 09:45 UTC. The coin was trading near the value of $0.00266, again the coin’s value got a bullish increase and around the value of $0.00280 at 16:20 UTC. The currency tried to maintain the value but, around 22:57 UTC, the value started to decreasing and the downfall was about 9.45%. The currency gets down around the value of $0.00254 at 04:35 UTC yesterday.

The experts still think that the value of the currency will again go bullish in the near future, but soon the currency will achieve the value of $0.00285 by this weekend. The near resistance levels of the Dogecoin are $0.002808667, $0.002854333 and $0.002901667 and the new support levels of the currency are $0.002715667, $0.002668333 and $0.002622667.

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About 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.

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