Dogecoin (DOGE) Rises 0.85%, Underperforms the Crypto Market Thursday

Thursday, January 20, 2022 06:38 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile compared to the crypto market. So far Thursday, the Digital Money has gained 0.85% to $0.1647180858.

InvestorsObserver is giving Dogecoin a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!

See Full Report

Low Volatility

InvestorsObserver gives Dogecoin a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. DOGE's low volatility reading is coupled 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 in a good position going forward. With support set at $0.15941874359142 and resistance set at $0.167943846922032. 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.