Dogecoin is a cryptocurrency created by two software engineers, who chose to create a payment system as a prank, making fun of the wild speculation in cryptocurrencies at the time. Despite its paradoxical nature, some have considered it to be a legitimate investment prospect...
Dogecoin lowered by 10% on Monday, after a small gain of 0.03% the previous day - Dogecoin ended the day at just over $0.3.
A bullish start on Tuesday morning saw Dogecoin rise to an early morning high of $0.38 before stagnating and reversing slightly
Dogecoin broke through the first major resistance level at $0.3768 before sliding to a late intraday low $0.3278.
The extended sell-off saw Dogecoin fall through the day’s major support levels before finding support.
In spite of a late move back through to $0.33 levels, however, Dogecoin failed to break back through the third major support level at $0.3514.
At the time of writing, Dogecoin was up by 0.26% to $0.3326. A mixed start to the day saw Dogecoin rise to an early morning high $0.3378 before falling to a low $0.3289.
