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DOGE Price Analysis for November 26

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Sat, 26/11/2022 - 21:30
DOGE Price Analysis for November 26
Cover image via www.tradingview.com

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Even though coins are under bears' pressure, the cryptocurrency market is locally rising.

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DOGE/USD

DOGE has gained a lot of value today, rocketing by almost 4%.

DOGE/USD chart by TradingView

Saturday started with local growth of DOGE after the false breakout of the support level at $0.09164. At the moment, the price is on the way to the middle of the narrow channel at $0.093.

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If the bar closes around that mark, there is a high chance to see further growth tomorrow to $0.094.

DOGE/USD chart by TradingView

On the bigger time frame, the price of DOGE has once again bounced off the resistance at $0.09461. However, if the bar closes with no wicks today, followed by rising volume, a test of the important $0.10 zone may happen next week.

DOGE/USD chart by TradingView

The situation is also positive on the weekly chart as there is a high possibility to see closure above the peak of the previous candle at $0.09150. In this case, DOGE might trade in the range of $0.005-$0.10 within the next few weeks.

DOGE is trading at $0.09273 at press time.

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