Dogecoin (DOGE/USD) Market Is Gathering Support at $0.08
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Dogecoin Price Prediction – November 14
There has been a tight closure technical point of view into the DOGE/USD trade activities as it is that the crypto market is gathering support around the $0.08 transaction line. Price is now trading around $0.0807 at an average percentage rate of 4.83 negative.
DOGE/USD Market
Key Levels:
Resistance levels: $0.10, $0.11, $0.12
Support levels: $0.065, $0.055, $0.045
DOGE/USD – Daily Chart
The DOGE/USD daily chart reveals the crypto market is gathering support around the $0.08 upper range value line. In recent operations, the pair broke through variation resistances above the point to resume corrections between $0.16 and $0.14. On Nov. 10, a bullish candlestick emerged from the bottom end of its penultimate, developing against the trend line of the larger SMA and the upper horizontal line. The Stochastic Oscillators are in the oversold region, positioning at 11.41 and 12.50 levels to signify that a slight declining force is ongoing.
Will the negative trending motions in the DOGE/USD trading around the $0.08 mark continue?
The required task on the traders, most especially long-position placers, as of this moment, is to stay alert as to when there’ll be a recourse for light rebound signs below the 50-day SMA at $0.0780 value line before considering launching a buying order. Alternatively, a re-swing move around the upper range trading spot at $0.080 will give long-position placers a better edge to profits on a recovery mode.
On the downside of the DOGE/USD market, the current rate at which the market gravitational falling power looks to be slowing. Bears are to consolidate their stances around the $0.080 level to achieve more points in the subsequent trading days. But they need to be wary of any possible bounce along the line.
DOGE/BTC Price Analysis
In comparison, the Dogecoin market has seemingly retraced to find support around the trend line of the smaller SMA against the trending force of Bitcoin. From the technical look, the cryptocurrency pair is gathering support above the 50-day SMA indicator under the 14-day SMA indicator. The Stochastic Oscillators are in the oversold region, maintaining 12.55 and 12.83 levels. The base crypto may still go down for a while as it pairs its counter-trading crypto in the following sessions.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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