DOGE Remains Stable Above $0.0020 After 7.26% Drop

The price of DOGE remains stable above the $0.0019 price level as the cryptocurrency dropped by 7.26% overnight. Dogecoin marked one of the highest losses as the entire market became unstable over the past 24 hours as we reported in the altcoin news.

DOGE got down by 7.26% and the value reached $0.001916 but the currency later marked a moderate stable movement so DOGE remains stable so far. The price of the DOGE/USD pair was full of price swings over the past week and for the initial few days of the week, it hovered around the $0.0019 price level. It eventually reached $0.0020 by April 16 but the losses of yesterday seem to be the highest that Dogecoin made in the past few weeks.

As per yesterday’s Dogecoin news, the price was spotted trading at $0.002066 in the first hour and by the next 7 years, it marked a slight increase and reached $0.002086. The price movement was followed by a steep fall of 7.06% and was later pulled down to 06% and was later pulled down to $0..
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001939. However, later in the day, the price skyrocketed to $0.002055 so the currency reflected in the downside movement as of today. The price of Dogecoin got into a new downtrend and reached a new low of $0.001919.

Right now, the coin seems to be lacking support from hits SMA50 and 20 as the price is trending below both lines. The RSI of the coin is also below 40 points and it is looking towards the oversold region. The traders could even witness a few unprecedented swings soon and the support of $0.00189 seems imminent. If the price of DOGE reflects the recovery, it could even test the $0.0020 mark.

Two days ago, the price of Dogecoin was at $0.002101 at the starting of the day. DOGE starts the day badly and in the next 6 hours, it is expected to go down more. It touched $0.001992 and recovered by 4.65% which pushed it to $0.002085 by 10:05 UTC. However, the coin could not remain at these levels for that long and fell by around 5% and reached the lowest point of the day, visiting $0.001980 by 14:05 UTC. Meanwhile, the total cryptocurrency market cap is still below $200 billion as coins are struggling to get on higher ground.