Dogecoin

<p class="p1" style="text-align: justify">Technical analysis is an essential indicator that investors in the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>, especially those trading in the futures market, need to constantly follow. So what does technical analysis tell us about <a href="https://en.coin-turk.com/kaleo-predicts-a-rise-in-dogecoin-doge-and-sets-a-target-level/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a>, which is currently trading at $0.07412? Let’s delve into a detailed chart analysis, important support and resistance levels.</p>
<h2 class="p1" style="text-align: justify" id="dogecoin-chart-analysis">Dogecoin Chart Analysis</h2>
<p class="p1" style="text-align: justify">The notable formation structure on the daily chart of Dogecoin is a descending channel formation. With the recent breakout of resistance, <a href="https://en.coin-turk.com/will-the-fear-in-dogecoin-come-true-how-did-bitcoins-price-movement-affect-dogecoin-are-investors-running-away/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a> has gained upward momentum, and the resistance line has served as a support line throughout the process. Despite two needle-like dips below the resistance line, the structure remained intact. However, this has resulted in significant losses for investors trading in the futures market.</p>
<p class="p1" style="text-align: justify">The key support levels to watch for DOGE on the daily chart are $0.07221, $0.07021, and $0.06733. Particularly, if the daily bar closes below the intersection of the EMA 200 (red line) level and $0.06789, DOGE is likely to experience a significant loss in value, and the formation support line will be considered the target zone.</p>
<p class="p1" style="text-align: justify">The key resistance levels to watch for DOGE on the daily chart are $0.07460, $0.07850, and $0.08209. Especially, if the daily bar closes above the significant obstacle at $0.08209, DOGE will gain momentum for further price increases.</p>
<p><img decoding="async" class="aligncenter wp-image-276798 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/doge-gunluk-grafik-1.png" alt="" width="2525" height="1101"></p>
<h2 class="p1" style="text-align: justify" id="dogecoin-hourly-chart-analysis">Dogecoin Hourly Chart Analysis</h2>
<p class="p1" style="text-align: justify">On the hourly chart, DOGE has been consolidating within a narrow range since November 9th, and a decrease in volatility has been observed. Although it is difficult to talk about a healthy formation structure at this point, DOGE staying below the EMA 200 (red line) level is a factor suppressing its short-term performance.</p>
<p class="p1" style="text-align: justify">The key support levels to watch for DOGE on the hourly chart are $0.07344, $0.07256, and $0.07154. Particularly, if the hourly bar closes below $0.07154, it will result in a significant loss of a key support level.</p>
<p class="p1" style="text-align: justify">The key resistance levels to watch for DOGE on the hourly chart are $0.07489, $0.07599, and $0.07711. Especially, if the bar closes above $0.07599, it will break the EMA 200 level and help DOGE gain momentum.</p>
<p><img decoding="async" class="aligncenter wp-image-276799 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/dogecoin-saatlik-grafik.png" alt="" width="2524" height="1197"></p> Continue Reading: <a href="https://en.coin-turk.com/dogecoin-technical-analysis-key-levels-and-insights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/dogecoin-technical-analysis-key-levels-and-insights/</a>

Dogecoin Technical Analysis: Key Levels and Insights

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