Rally

Dogecoin

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   Nov 25, 2023 at 12:52 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/14d/900_900_1/2ryevxy4l48q0u2h091jbea89fril72h.jpg" width="900" height="563" alt="The price of DOGE is currently above the moving average lines" title="">
 <p><strong>The latest price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com report, Dogecoin (DOGE) has resumed a new uptrend after the end of the November 17 rally.</strong></p>
 <h2 style="text-align: justify;" id="dogecoin-price-long-term-forecast-bullish">Dogecoin price long term forecast: bullish</h2>
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 <p style="text-align: justify;">Last week, it traded between $0.070 and $0.082. Buyers pulled the cryptocurrencies above the 21-day simple moving average on November 22 and continued the uptrend.</p>
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 <p style="text-align: justify;">DOGE's price was rejected after reaching a high of $0.080. If the resistance of $0.080 is broken, DOGE price is expected to rise to the highs of $0.090 and $0.10. On the other hand, the value of the crypto asset will fall and trade between $0.070 and $0.080, invalidating the bullish scenario.</p>
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 <h2 style="text-align: justify;" id="dogecoin-indicator-reading">Dogecoin indicator reading</h2>
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 <p style="text-align: justify;">Following the recent market rally, the price bars have risen above the moving average lines. The price bars on the 4-hour chart are either above or below the descending moving average lines. The price of the cryptocurrency is currently above the moving average lines.</p>
 <p style="text-align: justify;"><img width="1024" alt="DOGEUSD_ (Daily Chart) –Nov. 25.23.jpg" src="https://cdn.thebittimes.com/images/2023/11/25/42246b8ed552775c112234ea633f1f7b.webp" height="523" title="DOGEUSD_ (Daily Chart) –Nov. 25.23.jpg"><br></p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
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 <p style="text-align: justify;"><b>Key resistance levels – $0.12 and $0.14 </b></p>
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 <p style="text-align: justify;"><b> Key support levels – $0.06 and $0.04</b></p>
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 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-dogecoin">What is the next direction for Dogecoin?</h2>
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 <p style="text-align: justify;">Dogecoin has returned to the uptrend zone and has reached a high of $0.080. Buyers have struggled to maintain positive momentum above the $0.080 high. DOGE was beaten back on the first retest of the recent high. The price of the cryptocurrency is bouncing below the current high to break through it.</p>
 <p style="text-align: justify;"><img width="1024" alt="DOGEUSD_ (4-hour Chart) –Nov. 25.23.jpg" src="https://cdn.thebittimes.com/images/2023/11/25/3d9c4e7d5323ad29a339ad076d4256c4.webp" height="523" title="DOGEUSD_ (4-hour Chart) –Nov. 25.23.jpg"><br></p>
 <p style="text-align: justify;">On November 19, 2023 cryptocurrency analytics specialists of Coinidol.com stated that the price of the cryptocurrency has retraced above the 21-day SMA as it hit its last high on November 15. The altcoin has surpassed the historical price level of July 14.&nbsp;</p>
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 <p style="text-align: justify;"><i><span style="color: #a0a0a0;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-s-rally-is-over-as-it-is-rejected-at-0-080-tbt71612.html">https://thebittimes.com/dogecoin-s-rally-is-over-as-it-is-rejected-at-0-080-tbt71612.html</a></p>

Dogecoin's Rally Is Over As It Is Rejected At $0.080

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