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DOGE Price Analysis for November 28

Mon, 11/28/2022 - 21:30
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Denys Serhiichuk
Is DOGE ready for local bull run?
DOGE Price Analysis for November 28
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The market keeps falling according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap

DOGE/USD

The rate of DOGE has fallen by 7.17% over the last 24 hours.

DOGE/USD chart by TradingView

The price of DOGE is trading sideways on the hourly chart after the false breakout of the local resistance level at $0.09654.

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DOGE Price Analysis for November 26

There are low chances of seeing any sharp moves by the end of the day as most of the ATR has almost passed. In this case, consolidation around $0.095 is the more likely scenario.

DOGE/USD chart by TradingView

On the daily time frame, the situation is bearish as the price has returned to the bearish channel. If the candle fixes below $0.09520, the fall may continue to the nearest support zone of $0.09. Such a scenario is relevant until the end of the month.

DOGE/USD chart by TradingView

On the weekly chart, it is too early to make any predictions as today is only Monday. However, one should pay attention to the peak of the last candle at $0.09150. If the rate makes a false breakout of it, DOGE might have chances for a midterm bull run.

DOGE is trading at $0.09357 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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