Dogecoin (DOGE), Moderate Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, February 03, 2024 11:52 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has lost 0.21% to $0.07908558346.

InvestorsObserver is giving Dogecoin a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!
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Moderately Volatile

InvestorsObserver gives Dogecoin a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. 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 in a good position going forward. With support at $0.0783939793656698 and resistance near $0.0796733781646123. 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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