Dogecoin (DOGE) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Saturday, the digital money has decreased by 0.49% to $0.08079476665.
Moderately volatile
InvestorsObserver gives Dogecoin a moderate volatility rank of 25, putting it in the bottom 25% of cryptocurrencies on the market.
The volatility indicator takes into account that this causes your score to be defined by recent trends, rather than a bad day. DOGE's moderate volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has moderate price swings and is well protected against price manipulation.
Dogecoin price is positioned favorably in the future. With support set at $0.0773060076921809 and resistance set at $0.0844369956343997. This puts Dogecoin with room to run before facing selling pressures.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are normally used for payments. Depending on the cryptocurrency, the use of those payments can vary from general use in the Digital Money subclass to more specific uses in some other subclasses.
