Market Analysis

Dogecoin [DOGE] beats the bear with a 10% growth as Bitcoin [BTC] continues to move sideways

from Amb Crypto 5 years ago 0 0 649

The infamous meme coin known as Dogecoin [DOGE] has once again beat the expectations of its HODLers, as it recovered from its decline earlier this week. The latest hike raised the price by 10%, marking its space as a gainer in the market where even Bitcoin [BTC], the market leader, has exhibited sideways movement.

DOGE has experienced a period of steady decline over the past seven days, leading many to believe that the price will gain, despite the downwards movement. While the coin started off the week at around $0.0044, it saw a drop for two days, slinking down to the $0.0041 mark until October 23.

It then saw a spike to the $0.0042 mark on the same day, providing a much-needed correction from the downwards movement. However, the next day saw the coin drop below the $0.0040 resistance, plummeting to a price of $0.0038. While it saw a correction to $0.0040 on the same day, a decline on October 25 saw the coin reach its weekly low of $0.0036.

The token seemed to have momentum left in its run, as it regained its price of $0.0038 over the next two days. A surprise hike then occurred, pushing the price well over $0.0040 to reach the $0.0042 mark once again. This has left the coin currently trading at $0.0042.