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Synopsis: Dogecoin price right now is $ 0.116 with a 24-hour trading volume of $ 493.96M, market cap of $ 15.52B, and market dominance of 0.86%. The DOGE price increased 0.48% in the last 24 hours.
Dogecoin reached its highest price on May 8, 2021 when it was trading at its all-time high of $ 0.738. The lowest price since it’s ATH was $ 0.108 (cycle low). The highest DOGE price since the last cycle low was $ 0.137883 (cycle high). The Dogecoin price prediction sentiment is currently bearish.
Dogecoin’s current circulating supply is 132.67B DOGE out of max supply of 0.00 DOGE. In terms of market cap, Dogecoin is currently ranked 3 in the Proof-of-Work sector and ranked 1 in the Meme Coins sector. According to our current Dogecoin price prediction, the value of Dogecoin will rise by 9.43% and reach $ 0.128043 by March 16, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing Extreme Fear. Dogecoin recorded 11/30 (37%) green days with 8.74% price volatility over the last 30 days. Based on our Dogecoin forecast, it’s now a bad time to buy Dogecoin.
Based on today’s classical pivot point (P1) with the value of $ 0.118, Dogecoin has support levels of $ 0.114, $ 0.111, and the strongest at $ 0.108245. Similarly, Dogecoin resistance levels are at $ 0.120, $ 0.124, and $ 0.126. To get a better idea of what could happen to the Dogecoin price in the future, it’s helpful to also explore Dogecoin’s price history. In the last month, the DOGE USD pair is down -26.11%. The 1-year performance of DOGE USD is 108.87%.
The top-performing year for Dogecoin was 2017 when the price of DOGE increased by 4,000.64% from $ 0.000223 to $ 0.009164. The worst performing year for Dogecoin was 2018 when the price dropped by -74.12% from $ 0.009164 to $ 0.002371. The average yearly growth of Dogecoin over the last 10 years is 842.96% per year. Usually, Dogecoin performs best in Q2 with an average of 145.45% gain and worst in Q3 with 4.59% gain.
DOGE was not among the most mentioned coins on Twitter at press time, according to Cointrendz data.
Major coins were seen under pressure on Thursday after the higher than anticipated inflation figures were released by the Labor Department.
DOGE is nearing oversold territory and its relative strength index is nearing 36% — this may indicate a bounce to the upside in the next few days, according to Benzinga’s Melanie Schaffer. Dogecoin price is positively correlated with the top 10 coins by marketcap with a value of 0.427, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.488.
Currencies that are positively correlated with Dogecoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Dogecoin, a move in one direction for Dogecoin would translate into a move in the opposite direction for the negatively correlated coin. You can predict cryptocurrency prices by considering both on-chain and off_chain metrics, as well as technical indicators that take into account Dogecoin’s past price performance. Another tool you can use is to gauge the market sentiment to see whether investors are optimistic or pessimistic about Dogecoin. Keep in mind that there is no way to predict the future with 100% success, and past performance is no guarantee of future results.
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