Dogecoin

Rekt

<p style="text-align: justify">The price of <a href="https://en.coin-turk.com/hopes-rising-in-dogecoin-is-doge-about-to-explode/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a> continues to hover around $0.075 after dropping below $0.076 on Monday. The decline in BTC price, losing $37,000, has also caused a pause in the rise of altcoins. The <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> risk appetite has weakened due to developments in the macro landscape. The upcoming data on the US economy in the next few hours will determine whether the optimism about Fed policy will continue or not.</p>
<h2 style="text-align: justify" id="dogecoin-comments">Dogecoin Comments</h2>
<p style="text-align: justify">On the weekly chart, the DOGE price broke out of the 900-day resistance in October. Before the breakout, the resistance line was rejected three times, resulting in significant declines in price. In the last attempt, the price broke the trend line and reached a peak of $0.082. Although the price may make new local lows in the short term, this significant breakout has attracted the attention of many experts.</p>
<p style="text-align: justify"><img decoding="async" class=" wp-image-276064 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/DOGE-900-Gunluk-Direnc.png" alt="" width="1204" height="572"></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/experts-current-cryptocurrency-predictions-bitcoin-27600-dollars/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> Tony and Rekt Capital emphasized that the breakout from the decreasing resistance trend line is an important development. Although we see signals of continued upward movement on the weekly chart, the situation is close to negative on the daily chart. Due to the bearish divergence in RSI, we can see that short-term losses continue.</p>
<p style="text-align: justify"><img decoding="async" class=" wp-image-276063 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/DOGE-Tahminleri.png" alt="" width="1202" height="574"></p>
<p style="text-align: justify">If the DOGE price starts to decline, it could reach the nearest support area at $0.067. However, if DOGE surpasses the November peak of $0.082 again, the next target will finally be $0.1. This could happen before the end of November in the most optimistic scenario. The performance of BTC price and the possible test of $40,000 will be decisive at this point.</p>
<h2 style="text-align: justify" id="doge-chart-analysis">DOGE Chart Analysis</h2>
<p style="text-align: justify">Since November 6, the declining miner reserves for DOGE have increased from 4.4 billion to 4.45 billion as of November 12. However, reserves below the 4.57 billion region on October 23 indicate that the reserves have turned into an opportunity for selling at the $0.082 peak. These reserves decreased by 1.39% in the 30-day period and by 8.3% in the 90-day period. Miners were among the main culprits for the price dropping to $0.05.</p>
<p style="text-align: justify"><img decoding="async" class=" wp-image-276065 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/13-Kasim-DOGE-Madenci-Rezerv.png" alt="" width="983" height="655"></p>
<p style="text-align: justify">On November 12, the active addresses metric for DOGE reached a three-month high. This is a positive development, with a 247% increase in the weekly period. If the increase in new and active addresses larger than zero continues, it could be supportive for the price.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-276066 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Doge-Gunluk-Aktif-Adresler.png" alt="" width="936" height="624"></p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and therefore carry risks and should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/dogecoin-price-analysis-will-doge-rebound-after-recent-dip/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/dogecoin-price-analysis-will-doge-rebound-after-recent-dip/</a>

Dogecoin Price Analysis: Will DOGE Rebound After Recent Dip?

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