Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 0.26% to $0.08134959094.
InvestorsObserver gives Dogecoin a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the market.
The Volatility Gauge follows 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 favorably positioned going forward. With support around $0.077721986365333 and resistance set at $0.0870068775534777. This leaves Dogecoin with room to run before facing selling pressures.
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.
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