Dogecoin price increased by 4.94% over the past 24 hours.

Dogecoin price increased by 4.94% over the past 24 hours.

Performance after Tuesday 31-Jan
Period Pct Chg Momentum
Tuesday 8.77% 0.00775
Week to-date 4.88% 0.0044
January 36.83% 0.02587

DOGE Analysis

Dogecoin (DOGEUSDT) price for the week to-date gained 4.88% or 0.0044 higher to 0.09449. At time of writing into Wednesday’s trading session, Dogecoin has increased by 4.94% over the past 24 hours. For the record, DOGEUSDT is -87.08% below all-time high of 0.73158. On Tuesday, DOGE rose 8.77% to 0.09612.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising, our analysis is that there is bullish momentum and price could continue to go higher.

End of January, DOGE is up by 36.83% or 0.02587 higher.

What can we expect from Dogecoin today?

Looking ahead for the day, immediate upside resistance level at 0.10045 (R1) while on the downside, we are looking at daily low of 0.08822 as an important support. Break below this level could weaken the current bullish momentum.
Dogecoin need to break on either side to indicate a short-term bias. A break above 0.09867 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Dogecoin is rising and up by 4.88% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-01-29 was 2.10%.

Key levels to watch out:

R3 0.11090
R2 0.10479
R1 0.10045
Daily Pivot 0.09434
S1 0.09000
S2 0.08389
S3 0.07955

Last updated: 01:35 am UTC, 01-Feb 2023

About Dogecoin

Dogecoin is a cryptocurrency based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a “joke currency” on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.

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