TL;DR Breakdown Dogecoin price analysis is bearish todayDOGE/USD has been trading in a range of $0.1989 to $0.2120 Following a month-long period of little volatility, Dogecoin’s price has had none for the past 11 days, but the recent sell-off appears to have reignited volatility, resulting in a breakdown of the immediate support floor. While recovery from the current position is probable, investors should be cautious about another downturn. Dogecoin price movement in the last 24 hours: DOGE drops rapidly DOGE/USD has been trading in a range of $0.1989 to $0.2120 throughout the past 24 hours, indicating little volatility. The volume of DOGE grew by 55.95 percent and reached $2.63 billion, while the overall market cap was about $33 billion at the time of writing, placing DOGE as the seventh most valuable cryptocurrency. DOGE/USD 4-hour chart Since September 8, the price of Dogecoin has been consolidating, but it broke down on September 20 and plummeted through $0.230, which was its primary support floor. As of September 21, DOGE is trading slightly near the $0.2100 demand level and appears to be recovering. Dogecoin Price Chart by TradingView However, if BTC remains constant, DOGE may lead to a new rise on this platform. Market participants can anticipate the meme-themed coin to break through $0.2090 and approach $0.193 in the event that it does not succeed. In some cases, market makers may momentarily fall below th...
