Dogecoin (DOGE) Up 0.07% Saturday: What's Next?

Saturday, December 10, 2022 11:57 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has increased 0.07% to $0.0970797319.

InvestorsObserver is giving Dogecoin a 57 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!

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Moderately Volatile

InvestorsObserver gives Dogecoin a moderate volatility rank of 57, placing it in the top 43% 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 moderate volatility reading is paired 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 favorably positioned going forward. With support near $0.0956460587946998 and resistance set at $0.0987320371238814. 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.