Dogeswap (DOGES) Rises 44.41%, Outperforms the Crypto Market Wednesday

Wednesday, September 21, 2022 02:48 PM | InvestorsObserver Analysts

Dogeswap (DOGES) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 44.41% to $2.92.

InvestorsObserver is giving Dogeswap a 63 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dogeswap!

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Moderately Volatile

InvestorsObserver gives Dogeswap a moderate volatility rank of 63, placing it in the top 37% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. DOGES's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Dogeswap price is trading above resistance. With support at $1.7 and resistance set at $2.64. This positions Dogeswap out of range and potentially in a volatile position if the rally burns out.