Dogecoin (DOGE) Down 0.02% Sunday: What's Next?

Sunday, January 09, 2022 11:45 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile compared to the crypto market. So far Sunday, the Digital Money has dropped 1.64% to $0.1508722246.

InvestorsObserver is giving Dogecoin a 13 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!

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Low Volatility

InvestorsObserver gives Dogecoin a low volatility rank of 13, placing it in the bottom 13% 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 low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Dogecoin price is well positioned going forward. With support at $0.144829254168891 and resistance at $0.154885824341201. 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.