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DOGE Price Analysis for October 26

Price Predictions
Tue, 10/26/2021 - 14:23
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Denys Serhiichuk
Can DOGE follow the sharp rise of SHIB?
DOGE Price Analysis for October 26
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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Bulls keep dominating as all top 10 coins are in the green zone. DOGE is the biggest gainer among them, rising by 4%.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

DOGE keeps rising, going up by 10% since the beginning of the week.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

On the local time frame, DOGE has bounced off the liquidity zone of $0.2650.

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Bitcoin (BTC) Price Analysis for October 23

The trading volume is going up, which means that there are good chances to see continued growth. In this case, the altcoin may return to the resistance at $0.2832 by the end of the day.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

On the bigger time frame, DOGE could not keep the rise above the $0.27 mark. The high selling trading volume confirms local bearish pressure. That is why one may expect a short-term decline to the level of the most liquidity around $0.26, followed by a fast bounceback.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

On the daily chart, the situation remains unclear as DOGE is trading in a wide channel between the support at $0.1940 and the resistance at $0.3495.

Related
BTC, ETH and XRP Price Analysis for October 24

At the moment, neither bulls nor bears have seized the initiative, which is confirmed by a low trading volume. All in all, sideways trading in the range of $0.25-$0.28 remains the more likely price action for the upcoming days.

DOGE is trading at $0.2656 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.