Dogecoin Price Prediction and Analysis in March 2020

Today, we will be looking into some of the past prices and market opinions of the DOGE crypto to develop a Dogecoin price prediction for March 2020.

Dogecoin Overview

Dogecoin first came to light in 2013 at the height of the Doge meme craze. The coin has garnered over the years a dedicated fanbase and is mostly used as a tip on certain social media sites as a reward for quality content.

Dogecoin (DOGE) currently trades at around $0.002644, with an increase of 0.86% in the last 24 hours. The crypto is ranked at 33rd place according to a market cap of $326,313,740 with a circulating supply of 123,406,235,443 DOGE.

$182,697,142 worth of Doge coins were traded in the last 24 hour period. This shows an increase from the $80.264.466 24-hour trading volume recorded at the start of the month of February.

Dogecoin Price Prediction: Analysis

Dogecoin had a price of $0.00258 on January 19, but saw a loss of 9.41% towards its closing hours, bringing it to $0.00234. The coin opened at around the same level on January 22, but DOGE went from $0.00243 to $0,002323. The coin climbed to $0.00244 by a huge hike of 13.79% towards the end of January. The currency maintained this level on February 01, opening at $0,002391.

Source: cryptonewsz

Thereafter, the coin continuously reached the $0.0025 resistance level up until February 4^th. On February 5^th, DOGE opened at $0.002503 and touched a new resistance level of $0.0026.

Source: cryptonewsz

February 7^th saw another escalation and a new monthly high of $0.002770. The bullish momentum continued fiercely, as the next day, DOGE closed at $0.003159.

On February 09, the coin saw a huge spike which propelled the price to $0.00353. A sharp correction came immediately after that, as it was expected, bringing the price to $0.00283. Towards the end of the day, the price managed to recover back to $0.00323.

The next days, Doge struggled to keep itself up above $0.003, closing at $0.0029, on February the 15^th. The next day, the coin went below $0.003 and closed at $0,002774. On February 18^th, the coin saw some positive movement, as it reached $0,002839.

Source: coinnewsspanSource: news.trade99.com/

On February 19^th, the coin showed intraday positive growth, as it was trading at $0,002802 after reaching $0.00297.

Source: cryptonewszSource: cryptonewsz

The pivot, resistance, and support levels calculated by WalletInvestor are:

Resistance Level (R3): 0.003095
Resistance Level (R2): 0.00297
Resistance Level (R1): 0.00290
Pivot Point: 0.00278
Support Level (S1): 0.00271
Support Level (S2): 0.00259
Support Level (S3): 0.00252

Developments

In terms of news and developments concerning Dogecoin, there have been no mentions at the time of writing this article. This is a concern for the project, as other cryptos have a robust roadmap and development plan to further either their coin’s adoption or their network’s functionalities.

Dogecoin Price Prediction: Market Opinion for March 2019

There have been several sites that have posted their own Dogecoin price prediction for March, and we decided to feature some of them to better reflect the market sentiment for DOGE.

Tradingbeasts

Tradingbeasts expects Dogecoin to reach $0.0035118 by the start of March 2020. The probable maximum price is $0.0043766, and the minimum price is $0.0029761. The site expects the coin to close the month at a price of $0.0035013.

Cryptoground

Cryptoground forecasted that in one month, the price of Dogecoin will reach $0.0024, which means a decrease of -14.86%.

Coinpredictor

Coinpredictor’s Dogecoin price prediction for March is that the coin will experience a decrease of -11.6%, which would bring the coin at a price of $0.002135.

Digitalcoinprice

Digitalcoinprice made a very positive Dogecoin price prediction for March 2020, expecting the coin to have a price of $0.00508082, which signifies an increase of 81.46%.

Gov.capital

Gov.capital believes that Dogecoin will start March at a price of $0.00266, with an estimated maximum of $0.003059 and a minimum of $0.002261. The site also forecasted that on the last day of March, DOGE will have an average trading price of $0.00171, a maximum of $0.0019665, and a minimum of $0.0014535. The site also supplied price predictions for the rest of the days in March.

Altcoinforecast

Altcoinforecast predicted that Doge would start March at a price of $0.0030, and also forecasted a closing price for the month of $0.0032.

Bitverzo

Bitverzo projected that on March the 1^st, Dogecoin would have an average price of $0.000416, with a minimum of $0.002738 and a maximum value of $0.003583. The site also forecasted that the coin would close the month at an average price of $-0.000611, with a possible minimum of $-0.003790, and a possible maximum of $0.002365. The site also supplied a Dogecoin price prediction for the rest of the days of the month of March, as well as their respective minimum and maximum prices.

Cryptorating

Cryptorating predicted that in one month, the price of Dogecoin will be at around $0.003535, which would constitute an increase of 25.98%.

Dogecoin Price Prediction: Verdict

This has been our Dogecoin price prediction for March 2020. The market opinions are very reserved, with some supporting that DOGE will start to pick up another bull run, while others see the coin depreciating in the following month.

Featured image: blokt.com

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