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Dogecoin (DOGE) Maintains Stability Above its Recent Low-swing

Dogecoin has traded above its price plunge near $0.0025 The coin has escalated by more than 7% DOGE price has corrected down from its high price point of $0.0027 Over a day, Dogecoin has faced a considerable price drop, followed by a recovery. Currently, the coin is trading within the price range of $0.0026 and …

  • Dogecoin has traded above its price plunge near $0.0025
  • The coin has escalated by more than 7%
  • DOGE price has corrected down from its high price point of $0.0027

Over a day, Dogecoin has faced a considerable price drop, followed by a recovery. Currently, the coin is trading within the price range of $0.0026 and $0.0027. Meanwhile, Bitcoin has dropped to $8476.01, breaching support near $8500. Dogecoin has continued its falling trend for a whole week except for the recent rebound.

DOGE opened at $0.00259 yesterday, after which it took a surge to $0.00269. Later, the coin corrected down to $0.00257 before it started oscillating between $0.0026 and $0.0025. At 14:30 UTC, Dogecoin heavily dropped to $0.00252, with a decline of 5.91%. After remaining in the bearish zone for a few hours, the coin took a rebound and went above $0.0027, with an increase of 7.78%. Since then, the coin has kept the stable momentum intact. At present, the coin is trading at $0.00262 at 05:24:25 UTC.

DOGE/USD Price Chart

Dogecoin Price
DOGE Chart By TradingView

SMA lines are giving a bit negative out-look as the short term SMA line is below the long term SMA line. The MACD line has just moved above the signal line, noting a positive price move. Meanwhile, RSI is near 44, indicating the stable phase. Dogecoin may face resistance at $0.00263, $0.00262 and $0.00263 and support levels at $0.00263, $0.00262 and $0.00263.

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