Dogecoin

Resistance

<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 involved in futures trading. So what does technical analysis tell us about <a href="https://en.coin-turk.com/will-the-altcoin-giant-take-off-again-insight-into-shiba-inus-market-trajectory/" data-wpel-link="internal">Dogecoin</a>, which is currently trading at $0.08285? Let’s delve into a detailed chart analysis, important support and resistance levels.</p> 
<h2 class="p1" style="text-align: justify" id="four-hour-chart-analysis-of-dogecoin">Four-Hour Chart Analysis of Dogecoin</h2> 
<p class="p1" style="text-align: justify">The first notable formation in the four-hour chart analysis of Dogecoin is the ascending channel pattern. After the drop on November 13, this structure formed when <a href="https://en.coin-turk.com/the-latest-updates-on-dogecoin-doge-and-its-future/" data-wpel-link="internal">DOGE</a> fell below the support line and acted as a bear trap, aiming to push investors in the futures market out of the game. Despite experiencing a significant rise after this formation, DOGE experienced a decline after touching the resistance line. However, it gained momentum within the past day after consolidating strength at the support level.</p> 
<p class="p1" style="text-align: justify">The important support levels to watch for DOGE are as follows: $0.08200, $0.07933, and $0.07629. If a four-hour candle closes below the crucial level of $0.07933, it will lead to a significant loss of momentum for DOGE.</p> 
<p class="p1" style="text-align: justify">The important resistance levels to watch for DOGE are as follows: $0.08391, $0.08752, and $0.09028. If a four-hour candle closes above the critical level of $0.08752, it will help DOGE break through the resistance and gain upward momentum.</p> 
<p><img decoding="async" class="aligncenter wp-image-277724 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/doge-4s-grafik.png" alt="" width="2461" height="1102"></p> 
<h2 class="p1" style="text-align: justify" id="two-hour-chart-analysis-of-dogecoin">Two-Hour Chart Analysis of Dogecoin</h2> 
<p class="p1" style="text-align: justify">Due to the high volatility of short-term movements in the two-hour chart analysis of Dogecoin, we cannot discuss a healthy formation structure. However, the upcoming resistance breakout is of great importance for DOGE, as it weakened the upward momentum after encountering a significant obstacle during the recent rally and forming a double bottom at the support level.</p> 
<p class="p1" style="text-align: justify">The support levels to watch for DOGE are as follows: $0.07933, $0.07632, and $0.07245. If a candle closes below the important support level of $0.07933, it will result in a loss of momentum for DOGE.</p> 
<p class="p1" style="text-align: justify">The resistance levels to watch for DOGE are as follows: $0.08410 and $0.08761. If a candle closes above the significant obstacle at $0.08761, it will enable DOGE to gain momentum.</p> 
<p><img decoding="async" class="aligncenter wp-image-277725 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/doge-2s-grafik-2.png" alt="" width="2516" height="1160"></p> Continue Reading: <a href="https://en.coin-turk.com/dogecoin-technical-analysis-important-support-and-resistance-levels/" data-wpel-link="internal">https://en.coin-turk.com/dogecoin-technical-analysis-important-support-and-resistance-levels/</a>

Dogecoin Technical Analysis: Important Support and Resistance Levels

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