Dogecoin (DOGE) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Sunday, the digital money has decreased 0.01% to $0.06219445278.
Moderately volatile
InvestorsObserver gives Dogecoin a Moderate Volatility Rank of 31, placing it in the bottom 31% of cryptocurrencies on the market.
The volatility indicator takes into account the meaning that one day will neither make nor break your ranking. DOGE's moderate volatility reading is accompanied by 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 near USD 0.0617843492311825 and resistance set at USD 0.062737963942944. This leaves 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.
