Dogecoin (DOGE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has lost 3.99% to $0.07454498831.
Moderately Volatile
InvestorsObserver gives Dogecoin a moderate volatility rank of 59, placing it in the top 41% of cryptos on the market.
The Volatility Gauge takes into account 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 pairs 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 trading above resistance. With support near $0.0730094012775498 and resistance around $0.074168272034176. This leaves Dogecoin out of range and potentially in a volatile position if the rally burns out.
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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