Dogecoin (DOGE) Down 0.01% Monday: What's Next?

Monday, March 27, 2023 07:49 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has fallen 1.23% to $0.07378826421.

InvestorsObserver is giving Dogecoin a 27 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 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. DOGE's moderate volatility reading is paired 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 favorably positioned going forward. With support near $0.0726162784939433 and resistance at $0.0742716186886454. This positions 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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