Dogeswap (DOGES), Low Volatility but Falling Friday: Is it Time to Cash Out?

Friday, March 29, 2024 10:04 AM | InvestorsObserver Analysts

Dogeswap (DOGES) has been relatively less volatile compared to the crypto market. So far Friday, the crypto has declined 0.87% to $4.32.

InvestorsObserver is giving Dogeswap a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogeswap!

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Low Volatility

InvestorsObserver gives Dogeswap a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DOGES's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Dogeswap price is trading near resistance. With support near $4.27 and resistance around $4.33. This leaves Dogeswap with potential selling pressures ahead as it may be getting over extended.