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Dogecoin (DOGE) Falls 0.11%, Underperforms the Crypto Market Tuesday

Tuesday, April 02, 2024 07:03 AM | InvestorsObserver Analysts
Dogecoin (DOGE) Falls 0.11%, Underperforms the Crypto Market Tuesday

Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Digital Money has declined 10.85% to $0.1840219739.

volatility - 45
InvestorsObserver is giving Dogecoin a 45 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 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DOGE's moderate volatility reading pairs 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 $0.169389260662138 and resistance near $0.191349161518156. 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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