Dogecoin ended October with a green candle, and November will show if the buying phase continues or if DOGE's quick increase in price was due to Musk's Twitter acquisition.
DOGE appears to be in a bullish trend in November, as it jumped above $0.150 but is presently trading at $0.140. Dogecoin was one of many meme coins that witnessed the bulls, with others quickly following.
The crypto market appears to be becoming more friendly, as numerous cryptocurrencies have produced over 140% gains in the last 7 days since breaking out of its range-bound behaviour. DOGE, for example, has experienced some excellent runs recently, rebounding from a low of $0.055 to a high of $0.158.
Dogecoin price analysis shows that the bulls have regained control of the market. The price is presently trading at $0.1420 and is expected to rise as high as $0.1589. The cryptocurrency began the month on a strong note, with bulls driving the price up to $0.1589.
In the daily timeframe, the price of DOGE continued to look strong as it broke out of its bullish continuation pattern and retraced little for more buy orders; the price of DOGE has continued to climb with strong volume to a high of $0.158 but has observed minor rejection.
The Dogecoin price analysis for the last 24 hours shows that the market is in a bullish trend. The bulls have dominated the market, with the price trading near to flat. DOGE's market has made higher highs and lower lows, indicating a bullish trend.
According to Price Analysis, this DOGE market capitalization is expected to be $18,842,276,485. The coin's 24-hour trading volume is around $7,417,796,408. The market capitalization of DOGE has risen by 2.82%. During intraday trading, however, transaction volume rose by 18.42%.
An immediate resistance barrier on the upside is around $0.15000. The first significant barrier is created at $0.16000. The biggest resistance level is currently around $0.17100. If the price breaks through $0.17100, it may begin a rapid rise. The price might gradually rise towards $0.18500 in the scenario indicated.
DOGE may begin to fall if the price does not rise above $0.15000. On the downside, $0.13400 is an immediate support level and the hourly 50 simple moving average. The major support level is near $0.12200. A break below $0.12200 might signal the beginning of a new decline towards $0.011000 level.
KEY LEVELS :
RESISTANCE LEVEL : $0.15200-$0.16000
SUPPORT LEVEL : $0.13200-$0.12000
After a weekly close above $0.070, the price of DOGE rose to a high of $0.158; the price encountered a minor rejection to break higher to a region of $0.16; the price struggled to break above this zone. Will the Dogecoin price break through the $0.160 barrier, or will it reverse? Have you had fun at the DOGE blasting rally?
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