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DOGE Price Analysis for November 11

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Sat, 11/11/2023 - 17:25
DOGE Price Analysis for November 11
Cover image via www.tradingview.com

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Bulls remain more powerful than bears at the beginning of the weekend, according to CoinStats.

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DOGE chart by CoinStats

DOGE/USD

The rate of DOGE has rocketed by 7.70% since yesterday.

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Image by TradingView

On the local chart, the rate of DOGE has set a local resistance level at $0.08177. At the moment, one should pay attention to the daily closure in terms of that mark.

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If it happens far from that mark, the decline may continue to the interim zone of $0.077.

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Image by TradingView

On the bigger time frame, traders should focus on the nearest level at $0.07720. If the candle closes far from it, the upward move is likely to continue to the $0.084 area next week.

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Image by TradingView

From the technical point of view, the midterm growth is likely to continue if the candle closes near the resistance of $0.08358. In that case, the growth may lead to a test of the $0.09 area.

DOGE is trading at $0.08011 at press time.

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