Dogecoin Price Analysis 25/11/2023 – Consolidation before Break?
technical analysis

Dogecoin Price Analysis 25/11/2023 – Consolidation before Break?


Dogecoin amount looks like accumulation beneath 41.0 Satoshis, and ambience up for the abutting leg that can be either college or lower.

100 MA as Resistance for Dogecoin Price

Dogecoin Price Technical Analysis

Dogecoin amount connected to breach beneath a major attrition breadth abreast 41.0 Satoshis, and it looks like it may consolidate for some added time afore the abutting move. The alternate blueprint (price augment from CEX.IO) acutely suggests that there is a tiny ambit formed with abutment at 36.0 Satoshis and attrition at 41.0 Satoshis. Both buyers and sellers are award it adamantine to booty the amount in one administration and breach the accent range.

There is a assemblage breadth of a bearish trend band and the 61.8% Fib retracement akin of the aftermost leg from the 47.0 Satoshis (high) to 28.9 Satoshis (low), which is acting as a barrier and blockage gains. A breach and acknowledged abutting aloft 41.0 Satoshis may alarm for added assets that ability booty the amount appear 45-48.0 Satoshis. On the downside, the best important abutment is abreast 36.0 Satoshis, preventing losses every time the amount moves lower.

Dogecoin Price Technical Analysis

However, there is a sliding aisle acclaimed on the alternate blueprint (price augment from HitBTC), pointing that sellers are boring demography the amount lower. Moreover, the 100 alternate simple affective boilerplate (MA) is additionally arena its role as can be apparent in the blueprint attached.

Hourly MACD – There are no absolute beat moves in the MACD, suggesting a ambit pattern.

Hourly RSI – The RSI is beneath a accessory divergence, acceptation that the amount may abatement a few credibility from the accepted levels.

Intraday Support Level – 36.0 Satoshis

Intraday Resistance Level – 41.0 Satoshis


Charts from HitBTC and CEX.IO; hosted by Trading View