The latest price Analysis by Coinidol.com report, Dogecoin (DOGE) has resumed a new uptrend after the end of the November 17 rally.

Coinidol.com 보고서의 최신 가격 분석에 따르면 Dogecoin(DOGE)은 11월 17일 랠리가 끝난 후 새로운 상승 추세를 재개했습니다.

Dogecoin price long term forecast: bullish

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.

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.

DOGE의 가격은 최고 $0.080에 도달한 후 거부되었습니다. $0.080의 저항이 무너지면 DOGE 가격은 $0.090와 $0.10의 최고치까지 상승할 것으로 예상됩니다. 반면, 암호화폐 자산의 가치는 하락하여 $0.070에서 $0.080 사이에서 거래되어 강세 시나리오가 무효화됩니다.

Dogecoin indicator reading

Dogecoin 지표 읽기

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.

최근 시장 랠리 이후 가격 막대는 이동 평균선 위로 상승했습니다. 4시간 차트의 가격 막대는 하락 이동 평균선 위 또는 아래에 있습니다. 암호화폐 가격은 현재 이동평균선 위에 있습니다.

Technical indicators

Key resistance levels – $0.12 and $0.14

주요 저항 수준 - $0.12 및 $0.14

Key support levels – $0.06 and $0.04

주요 지원 수준 – $0.06 및 $0.04

What is the next direction for Dogecoin?

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.

Dogecoin은 상승 추세대로 복귀하여 최고 $0.080에 도달했습니다. 구매자들은 최고 $0.080 이상으로 긍정적인 모멘텀을 유지하기 위해 애썼습니다. DOGE는 최근 최고치에 대한 첫 번째 재시험에서 패배했습니다. 암호화폐 가격은 이를 돌파하기 위해 현재 최고점 이하로 반등하고 있습니다.

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. 

Disclaimer. This Analysis 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.