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Dogecoin (DOGE), Moderate Volatility and Falling Friday: Is it Time to Cash Out?

Friday, September 22, 2023 11:40 AM | InvestorsObserver Analysts
Dogecoin (DOGE), Moderate Volatility and Falling Friday: Is it Time to Cash Out?

Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has lost 0.04% to $0.06161703841.

volatility - 29
InvestorsObserver is giving Dogecoin a 29 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 29, placing it in the bottom 29% 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 moderate volatility reading is coupled 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 in a good position going forward. With support near $0.0608142300704923 and resistance around $0.0628385788957086. 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.

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