Buying Activity Resumes in DOGE/USD Market

Dogecoin’s price action has experienced huge downward pressure in recent times, however, it seems we may have reached the end of that. Most interestingly the perceived signs are appearing off an important price level.

Dogecoin’s Forecast Statistics Data:
Dogecoin’s price: is $0.1151
DOGE’s market capitalization: $16.03 billion
Dogecoin circulating supply:  132.67 billion
DOGE overall supply: 132.67 billion
Dogecoin Coinmarketcap ranking: #8

Major Marks:
Resistance Marks: $0.1151, $0.1180, $0.1210
Support Marks: $0.1140, $0.1120, $0.1100

Dogecoin Price Prediction Today, November 8, 2022: DOGE/USD Price Faces Rejection at a Strong Support around $0.1150

The DOGE/USD https://insidebitcoins.com/buy-cryptocurrency/buy-dogecoin 24-hour chart portrays that buyers may have laid a buy siege at the price level of $0.1150. The last price candle on this chart is a Doji with a long wick while the wick at the closing side is the longest. The looks of this price candle seem to be revealing that buyers may have started going long. Consequently, this may cause Dogecoin’s price to rise significantly henceforth. Another interesting fact is that price activity remains above the SMA curve, and as well the MACD curve stays far above the 0.00 line. Adding all the signs together one can predict that price action in this market is preparing to reclaim above the $0.1250 level soon.

Dogecoin Price Prediction Today, November 8, 2022: DOGE/USD Extends Impressive Performance

In the DOGE/USD 4-hour market, price action can be seen to retain good signs. Considering the last three price candles here it could be seen that the most recent two price candles haven’t been able to bring prices below the last three bullish ones. Also price level remains closer to the SMA line than it used to be before the appearance of the bullish candle in the past three trading sessions. Also, the MACD can be seen bending sideways a bit under the 0.00 level. Going by indications, we can assume that Dogecoin may preparing to resume a significant price increase.

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