NEW YORK, NY / ACCESSWIRE / December 9, 2021 / NewsReportz Price analysis of Dogecoin (Doge), the biggest meme-currency which had recently turned eight years old. The dogecoin price continues to struggle, having dropped to levels last seen in April. At the time of writing, Dogecoin's price was trading around $0.173 with a drop of 3.7% and $0.8Billion volume over 24 hours. According to Dogecoin price analysis, the first major resistance DOGE will encounter is $0.197 after a 10% climb.
EverGrow Coin is another crypto getting a lot of attention recently from the Dogecoin community. launched two months ago, EverGrow growth is exponential and has since attracted more than a hundred thousand token holders already. One of the main reasons behind this rapid success of EverGrow is its unique tokenomics. EverGrow distributes 8% from every transaction amongst its holders in BUSD and has already distributed more than 30M$ rewards over the past eight weeks. According to the project roadmap, Evergrow is developing a suite of utilities in their Ecosystem, including a content subscription platform, NFT marketplace, and the world's first NFT lending platform, Play-to-Earn Games and Crypto Wallet App, which was recently announced on their official Twitter.
For Dogecoin, From a technical perspective, roughly 430k addresses that purchased 18 billion DOGE are "Out of the Money." Therefore, The In/Out of the Money (GIOM) model shows resistance around $0.22 as a significant cluster of underwater investors might want to break even beyond this level. Dogecoin price is holding steady near the $0.16-0.18 range, halting any further downside movement below this level.
After gaining 16,000% from the start of this year, Dogecoin (DOGE) had taken off due to its popularity on social media and spawned a raft of other dog-themed coins. On May 8, Dogecoin reached an all-time high of $0.7. After the Saturday flash-crash, the Dogecoin price action has been a cause of concern for many bulls and long-term holders, but it seems Buyers are now preparing for Dogecoin to go higher from here. While things are looking up for Dogecoin price, a failure to maintain the bullish momentum could lead to a retracement, and the correction might push DOGE price below $0.158. Subscribe to Newreportz Newsletter to keep updated with top cryptocurrencies prices like Dogecoin, Bitcoin, Ethereum.
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