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DOGE Price Analysis for November 28

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Tue, 28/11/2023 - 14:45
DOGE Price Analysis for November 28
Cover image via www.tradingview.com

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There is no general trend on the cryptocurrency market today, according to CoinStats.

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DOGE chart by CoinStats

DOGE/USD

The price of DOGE has fallen by 1.69% since yesterday.

Image by TradingView

Despite today's decline, the rate of DOGE is looking bullish on the hourly chart. If the daily candle closes near the local resistance of $0.07834, the upward move may continue to the $0.079 area tomorrow.

Image by TradingView

On the bigger time frame, the price of DOGE is in the middle of a wide channel, which means that neither bulls nor bears have seized the initiative yet.

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In this case, sideways trading in the area of $0.075-$0.08 is the more likely scenario for the next few days.

Image by TradingView

From the midterm point of view, it is too early to make any predictions as too many days remain until the bar's closure. However, if that happens below $0.08, traders can expect a further drop to $0.075 and below.

DOGE is trading at $0.07768 at press time.

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