Dogecoin (DOGE) Rises 0.6%, Outperforms the Crypto Market Wednesday

Wednesday, April 06, 2022 08:12 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile compared to the crypto market. So far Wednesday, the Digital Money has gained 0.6% to $0.1531425217.

InvestorsObserver is giving Dogecoin a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. 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 well positioned going forward. With support at $0.140622333801734 and resistance at $0.170940623796927. 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.