DOGE Price Analysis for November 18
DOGE Price Analysis for November 18
Price Analysis

Sat, 11/18/2023 – 18:31

DOGE Price Analysis for November 18
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Bears are not giving up so easily, according to CoinStats.


DOGE chart by CoinStats


The price of DOGE has fallen by 1.57% over the past 24 hours.

Image by TradingView

On the hourly chart, one should pay attention to the local support level of $0.08045. If the price does not get above it, the correction is likely to continue to the $0.078 zone soon.

Image by TradingView

On the bigger time frame, traders should focus on the daily bar in terms of yesterday’s low. If that happens, the correction may continue to the next support area at $0.075.

Such a scenario is relevant until the end of next week.

Image by TradingView

From the midterm point of view, the rate of DOGE has made a false breakout of the resistance level at $0.08380. If the bar closes far from it, there is a high chance of a further drop to the $0.070-$0.075 range by the end of the month.

DOGE is trading at $0.08036 at press time.

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