DOGE Price Analysis – November 21
Dogecoin (DOGE) opened with a fall today. The coin is currently advancing at a steady pace and the indications are easy.
Resistance levels: $0.0027, $0.0028, $0.0029
Support levels: $0.022, $0.021, $0.0020
Dogecoin surprised everybody by maintaining the price momentum during the sharp decline. The coin is currently bearish, but we expect the few days in the month to bring positive changes to the coin. Meanwhile, DOGE/USD should lead to a sharp rise in prices but looking at the chart, the coin reflects a lower price.
However, the coin started falling past the heavy leap. The price kept on slipping and touched a low at $0.0022. Currently, as reveals by the RSI (14) indicator, the coin is again in the bearish zone with the support level of $0.0022, $0.0021 and $0.0020. The resistance levels to watch include $0.0027, $0.0028 and $0.0029 respectively.
Against BTC, since the month started, the price has been facing an upward movement before moving in sideways and its support level is built around 2910 SAT, 2810 SAT and 2710 SAT, while the resistance level is set at 3200 SAT because the market price keeps moving below the 9-day and 21-day moving averages. Looking at it critically, the price kept moving up slowly within the channel.
Meanwhile, for the past few days, the market always closed the day with more green raising the hope of the buyers that in the near term, the market may likely cross the upper side of the channel to reach the resistance levels at 3310 SAT, 3410 SAT and 3510 SAT. The RSI (14) signal lines neither move up or down but keeps moving sideways.
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