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

Tuesday, January 04, 2022 11:09 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has added 0.21% to $0.1710908955.

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 analyzes meaning that one day won't make or break its rank. 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 favorably positioned going forward. With support around $0.167866901201593 and resistance at $0.174001917881356. 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.