Dogecoin (DOGE) Falls 0.05%, Underperforms the Crypto Market Monday

Monday, February 14, 2022 09:54 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has fallen 5.08% to $0.1462928961.

InvestorsObserver is giving Dogecoin a 17 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 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. DOGE's low volatility reading comes 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 in a favorable position going forward. With support near $0.136383233063898 and resistance set at $0.149705824845514. 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.