Dogecoin (DOGE) Rises 4%, Underperforms the Crypto Market Tuesday

Tuesday, March 01, 2022 10:59 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively less volatile compared to the crypto market. So far Tuesday, the Digital Money has gained 4% to $0.133540137.

InvestorsObserver is giving Dogecoin a 15 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 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support around $0.122078603386344 and resistance around $0.134604355573119. This positions Dogecoin with potential selling pressures ahead as it may be getting over extended.

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.