Dogecoin (DOGE) Falls 0.02%, Underperforms the Crypto Market Monday


Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has declined 1.57% to $0.0690274078.

volatility - 29
InvestorsObserver is giving Dogecoin a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!

Moderately Volatile

InvestorsObserver gives Dogecoin a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.

DOGE’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Dogecoin price is well positioned going forward. With support near $0.0666672457382657 and resistance near $0.070640625469444. This leaves Dogecoin with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter



Source link

(Visited 13 times, 1 visits today)

About The Author

You Might Be Interested In

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

This is default text for notification bar