Dogecoin price analysis appears to show that the market is moving in a positive direction, and that volatility is beginning to decline.
the DOGECOIN is trading in a symmetric triangle pattern with a narrow range, and it maintains a positive momentum the following day.
Dogecoin has made a strong comeback, rising from a low of $0.071 on November 9 to $0.094 on November 10, representing a gain of more than 32.40% in 24 hours. Despite this, the Dogecoin price prediction remains bullish, above $0.080, a support level backed up by an upwards trendline.
Dogecoin has completed a 38.2% Fibonacci retracement and is trading above $0.08550. More buying may be possible if the price rises above the $0.0900 level until the next resistance level of $0.0950 is reached.
Simultaneously, a downward trendline is extending strong resistance at $0.093, and the candle closes below this level, indicating the possibility of a continuation of the selling trend.
The one-day chart for Dogecoin price analysis shows an upward trend while remaining fairly stable. The market also appears to be contracting, which could be a beginning to future volatility spikes.
The significant price increase in the one hour and four-hour Dogecoin price analysis indicates that the bullish momentum is gradually stabilising. The price has support at $0.0800 and is expected to rise further in the future.
As Dogecoin is expected to remain positive for the next 24 hours, the hourly chart predicts a significant price increase, which is an excellent sign for buyers. Dogecoin is expected to break out of its current consolidation phase and move higher.
An immediate resistance barrier on the upside is around $0.09000. The first significant barrier is created at $0.09500. The biggest resistance level is currently around $0.10400 as well as the 200 hourly simple moving average. If the price breaks through $0.10200, it may begin a rapid rise. The price might gradually rise towards $0.11100 in the scenario indicated.
DOGE may begin to fall if the price does not rise above $0.09000. On the downside, $0.08000 is an immediate support level. The major support level is near $0.07500. A break below $0.07500 might signal the beginning of a new decline towards $0.07000.
According to Price Analysis, this DOGE market capitalization is expected to be $11,301,898,622. The coin's 24-hour trading volume is around $1,396,564,017. The market capitalization of DOGE has fallen by 3.46%. During intraday trading, however, transaction volume declined by 31.90%.
KEY LEVELS :
RESISTANCE LEVEL : $0.09000-$0.09500
SUPPORT LEVEL : $0.07800-$0.07000
DOGECOIN is trading in a rounding top pattern in two hour charts after a sharp decline. Will DOGECOIN first reach $0.09500 or $0.07800? Do you think it is the best time to buy the MEME Coin at a sale?
