Dogecoin (DOGE), Low Volatility but Rising Sunday: Is it Time to Cash Out?

Sunday, June 11, 2023 09:30 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile compared to the crypto market. So far Sunday, the Digital Money has added 4.36% to $0.06187867341.

InvestorsObserver is giving Dogecoin a 22 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 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 near $0.0550225321105595 and resistance set at $0.0670778360119934. 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.