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VX: KP92877 QQ: 3908306664 There is no charge to enter the community, no exchanges, no recommended links After experiencing a nearly 20% drop in October, Dogecoin began to enter a cautious wait-and-see stage in November. This is also the first time since 2020 that it has closed lower in October, when it fell only 2.6%. While Dogecoin has historically been highly volatile, historical data shows that its performance in November has been mixed—it has posted gains in November in three of the past five years.  As of now, the price of Dogecoin (DOGE) is around $0.1738, down almost 10% on a weekly basis. The price is still below the cloud chart of the Ichimoku Balance chart, which shows that the market's attitude towards DOGE is neutral and everyone is waiting and watching. The Bollinger Bands are tightening, which usually means the market is becoming less volatile before a breakout. The upper track is around US$0.286, and the lower track is around US$0.150, forming a key trading range. It also shows that the market is a bit hesitant and is hesitant to act rashly.  From a technical perspective, the support space for bulls is quite limited. The base line (Kijun-sen) in the Ichimoku chart is at $0.2019, which is regarded as the first resistance. The conversion line (Tenkan-sen) is around $0.20. If Dogecoin wants to rebound and strengthen, support would best be stable above $0.20–$0.22. The relative strength index (RSI) is currently 44.57, below 50, which indicates that support is weakening and Dogecoin (DOGE) may continue to consolidate in the short term. The MACD indicator also shows that the gap between the signal line and the MACD line is narrowing, which could lead to a bearish crossover if the decline continues. -Values around 0.0045 and -0.0010 indicate that the market structure is weak and the support is not strong. Overall, the price of DOGE fluctuates within the range, but the upward momentum is pretty good, and it has the opportunity to hit $0.26. If Dogecoin can hold the $0.15 support, the price could fluctuate between $0.18–$0.21 in the first week of November. Once it breaks through $0.22, the price is expected to further rise to $0.26–0.29, close to the upper Bollinger Band. On the other hand, a break below $0.18 could lead to a fall back to $0.15, which is the next key support. DOGE has been trading sideways with buying coming in below. If support continues to hold, it may provide enough room for a breakout of $0.22–$0.26 later this month.  That’s it for today’s article. We are currently in a bull market and the situation is turbulent. We share passwords every day. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Let us embrace the bull market, improve our winning rate, and say goodbye to high positions. Scan the QR code below to join us VX：KP92877  If you can’t add it via WeChat above, you can contact the author on the homepage! Prevent loss of contact QQ: 3908306664  |
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