Dogecoin Price Prediction Today, November 1, 2022: DOGE/USD Continues to Pump

The Dogecoin market continues to sustain its upside movement. And even now DOGE/USD price action stays poised for a more upward push.

Dogecoin’s Forecast Statistics Data:
Dogecoin price: is $0.1274
DOGEs market capitalization: $17.22 billion
DOGE circulating supply:  132.67 billion
Dogecoin’s overall supply: 132.67 billion
DOGE Coinmarketcap ranking: #8

Important Value Levels:
Top Level: $0.1274, $0.1300, $0.1330
Base Levels: $0.1260, $0.1240, $0.1220

Dogecoin Price Prediction Today, November 1, 2022: Price Action in DOGE/USD Continues to Pump

DOGE/USD continues to show more upside optimism on the daily chart. At this point, price action has broken the 23.60 Fibonacci level, consequently, price action is getting ready to move further upwards. Also, price action is still far above the SMA which reveals that price uptrend is still on. Additionally, the Stochastic RSI lines have reached the highly bought level and have reflected a minor pullback. This could be seen as a downward crossover has been given in the overbought region. However, the RSI curve seems reluctant to take a downward direction, which can be attributed to massive buying. Summing up market signs, we can say that Dogecoin is already eyeing the $0.1350 level.

Dogecoin Price Prediction Today, November 1, 2022: DOGE/USD Continues Its Bullish Move

Coming to the DOGE/USD 4-hour chat, it can be seen that the new session has started in favor of the bulls. In addition, this has further pushed price action upwards above the Smooth Moving Average curve. And, generally speaking, so long as price action stays positioned above the MA, a price uptrend is still in progress. Also, the RSI has given an upside crossover from deep in the oversold region even at this point. Consequently, we can assume that this market is only preparing more room for itself to gather more upward momentum. With continuous buying going on in this market, it’s almost sure that Dogecoin’s price will continue to break resistance.

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