Dogecoin Price Analysis: A Sharp Price Rally Awaits Dogecoin (DOGE) After This Short-Term Price Correction

After riding on the bulls and testing new yearly and all-time highs, the digital currency market is now correcting lower. This is a trend that is expected. Many digital asset investors were even expecting this dip earlier. The recent upsurge in the prices of digital currencies was phenomenal. Almost all the top coins in the market tested new yearly highs. The price of Bitcoin (BTC) surged massively and pushed towards the $9k level. One digital currency that posted a significant level of gains in the recent bull run is Dogecoin (DOGE).

The price of Dogecoin (DOGE) surged heavily and climbed a few steps higher, resulting in the break of the short-term Dogecoin price prediction 2019. DOGE USD live price is currently correcting lower. However, with the bullish Dogecoin news today, something huge is ahead of the tunnel. A massive price rally is at the other end, waiting to push the price of Dogecoin (DOGE).

Dogecoin News Today: Dogecoin Price Action – Dogecoin Price Prediction 2019 – Best Cryptocurrency to Invest in 2019

This correction is one of the major corrections Dogecoin has experienced over the past weeks. In the previous price correction, the prices of other digital currencies were heading sideways, and BTC price plunged by more than 8 percent, the price of Dogecoin was still surging. Dogecoin price took a different direction, as there were more bullish Dogecoin news to drive the coin. This is a very impressive action by the digital currency, as it is one of the vital things digital asset investors look out for when looking for the best cryptocurrency to invest in 2019.

Elon Musk is also very impressed by the networking of the digital currency. He is very bullish about the digital currency, and he tweets about it frequently. The bullishness of Musk towards Dogecoin (DOGE) has also helped to attract a lot of digital asset investors to the coin. Elon Musk has shifted the interest of investors and traders. This has resulted in more acquisition of the digital currency.

Dogecoin Price Prediction: Traders Are Impressed with Dogecoin Even After It Was Tagged as MEME Coin – Dogecoin News Today

Dogecoin recently gained popularity as MEME coin. However, even after that, traders and investors are still very much impressed with the circulating supply of the digital currency in the market. As such, short-term investment is a viable idea. Dogecoin has experienced several highs and lows over the past few months. However, the ability of the coin to comeback massively is what many digital currency investors are impressed with. Dogecoin price prediction 2019 is pretty bullish and many have high hopes for the coin before the end of the year. Many analysts believe Dogecoin price might not end this year over the $1 level. However, they believe it would test that level by 2020.

DOGE Price Today – DOGE USD Live Price – Dogecoin Price Analysis – DOGE Price Prediction 2019

At the press time, DOGE USD live price is $0.0031 after a decrease of about 7 percent over the past twenty-four hours. The current market cap of the digital currency is $370.48 million. The trading volume of the digital currency over the past twenty-four hours is $78.71 million. Dogecoin price is currently supported at the $0.003 level. On the upside, the resistance of the coin is at the $0.00315 level.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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