Dogecoin (DOGE) Up 6.39% Friday: What's Next?

Friday, March 17, 2023 06:41 AM | InvestorsObserver Analysts

Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has added 6.39% to $0.07532719178.

InvestorsObserver is giving Dogecoin a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogecoin!

See Full Report

Moderately Volatile

InvestorsObserver gives Dogecoin a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge analyzes 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 comes 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 trading above resistance. With support at $0.068879091077125 and resistance at $0.0731017895868181. This leaves Dogecoin out of range and potentially in a volatile position if the rally burns out.

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.