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Dogecoin (DOGE) up 0.43% Thursday: what’s next?

According to a recent market analysis, Dogecoin (DOGE) was relatively less volatile than the crypto market. So far, the digital money has gained 0.43% on Thursday to 0.1728637835 USD.

InvestorsObserver gives Dogecoin a 14 volatility rank. Find out what that means for you and get the rest of the rankings on Dogecoin!

Low volatility

InvestorsObserver gives Dogecoin a rank of 14 with low volatility and is therefore in the bottom 14% of cryptos on the market.

The volatility meter analyzes this and makes its score defined by recent trends rather than a bad day. The low volatility of DOGE is paired with a low value on the risk / reward indicator, which means that the coin has relatively narrow price fluctuations and is well protected from price manipulation.

The Dogecoin price is in a favorable position for the future. With support at 0.166809129101151 and resistance at 0.177388685327882. This leaves Dogecoin wiggle room before it is exposed to selling pressure.

What is a coin

A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the intended use of these payments can vary from general use in the “digital money” subclass to more specific uses in a few other subclasses.

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