Dogecoin

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<p class="p1" style="text-align: justify">Technical analysis plays a crucial role in the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">market</a>, especially for investors trading in the futures market. So, what insights does technical analysis provide for Dogecoin, which is currently trading at $0.078? Let’s take a detailed look at the charts, important support and resistance levels.</p> 
<h2 class="p1" style="text-align: justify" id="dogecoin-daily-chart-analysis">Dogecoin Daily Chart Analysis</h2> 
<p class="p1" style="text-align: justify">The Dogecoin daily chart reveals a notable breakout from a descending wedge formation, and after working as support, the resistance line led to a significant rise in <a href="https://en.coin-turk.com/dogecoin-doge-surpasses-cardano-ada-to-become-the-7th-largest-cryptocurrency/" data-wpel-link="internal">DOGE</a>. Additionally, the support provided by the EMA 200 (red line) during the drop on November 9 is a positive indicator for the DOGE price.</p> 
<p class="p1" style="text-align: justify">The support levels to watch on the daily chart for DOGE are $0.07523, $0.07226, and $0.06905, respectively. A daily close below $0.06905 could lead to a significant decline in this area. In such a scenario, the support level at $0.05750 may come into play.</p> 
<p class="p1" style="text-align: justify">The notable resistance levels to watch on the daily chart for DOGE are $0.08027, $0.08238, and $0.08500, respectively. In particular, breaking the unbroken $0.08238 resistance level in the recent rally could trigger a potential bullish rally for DOGE. This, of course, can also be seen with the positive impact of news flow.</p> 
<p><img decoding="async" class="aligncenter wp-image-275690 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/doge-gunluk-.png" alt="" width="2440" height="1075"></p> 
<h2 class="p1" style="text-align: justify" id="doge-btc-chart-analysis">DOGE/BTC Chart Analysis</h2> 
<p class="p1" style="text-align: justify">In the DOGE/BTC pair, there has been a recent breakout from a contracting triangle structure. The repeated support provided by the resistance line indicates a consolidation phase for DOGE. The recent support provided by the EMA 200 suggests a significant potential rise in this structure.</p> 
<p class="p1" style="text-align: justify">The support levels to watch in the DOGE/BTC pair are 0.00000208, 0.00000205, and 0.00000202, respectively. Especially, a close below 0.00000205 could lead to a retracement within the formation and the creation of a structure below the EMA 200 level. In such a case, DOGE would lose value against <a href="https://en.coin-turk.com/bitcoin-price-surges-as-sec-approves-ishares-spot-bitcoin-etf/" data-wpel-link="internal">Bitcoin</a>.</p> 
<p class="p1" style="text-align: justify">The notable resistance levels to watch in the DOGE/BTC pair are 0.00000213, 0.00000216, and 0.00000219, respectively. In particular, a close above 0.00000219 could trigger a significant upward momentum for DOGE.</p> 
<p><img decoding="async" class="aligncenter wp-image-275691 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/dogebtc-grafik.png" alt="" width="2473" height="1161"></p> Continue Reading: <a href="https://en.coin-turk.com/dogecoin-technical-analysis-key-levels-to-watch/" data-wpel-link="internal">https://en.coin-turk.com/dogecoin-technical-analysis-key-levels-to-watch/</a>

Dogecoin Technical Analysis: Key Levels to Watch

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