Dogecoin Price Prediction, Bulls eyes on for new high
- Ongoing DOGE rally could gain momentum with new user demand, but sustained upward movement requires overcoming initial resistance at $0.080.
- Increased trading volume supports bullish recovery, hinting at a potential long-term rebound for the meme coin.
- Within the past two days, Dogecoin miners have accumulated an impressive 400 million DOGE in their reserves.
Dogecoin climbs past $0.075, fueled by bullish momentum.
According to Coingabbar Price Analysis, On November 18, DOGE witnessed a significant reversal from a two-year influential symmetrical triangle pattern's resistance line.
The Dogecoin price is above the 50D EMA, regaining bullish momentum after taking support from the trendline.
Currently trading at $0.0777, DOGE shows 2.40% intraday growth and boosts the 3-day growth to 9.50%.
The DOGE Coin price is positioned above key EMAs (20, 50, 100, and 200), indicating the presence of a short-term recovery.
Despite an overall uptrend, DOGE experiences increased volatility, leading to multiple pullback phases.
KEY LEVELS :
RESISTANCE LEVEL : $0.08000-$0.08400
SUPPORT LEVEL : $0.07500-$0.07250
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
