Dogecoin (DOGE) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has added 0.43% to $0.1728637835.
InvestorsObserver gives Dogecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
DOGE’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Dogecoin price is in a favorable position going forward. With support at $0.166809129101151 and resistance set at $0.177388685327882. This leaves Dogecoin with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.