Dogecoin (DOGE) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has increased 2.7% to $0.1786193999.
Low Volatility
InvestorsObserver gives Dogecoin a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.
The Volatility Gauge tracks the previous 60 days, meaning that one day won’t make or break the score.
DOGE’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Dogecoin price is trading near resistance. With support around $0.17031289884145 and resistance set at $0.17985086390073. This leaves Dogecoin with potential selling pressures ahead as it may be getting over extended.
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.
