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.
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.
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