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VX: KP92877 QQ: 3908306664 There is no charge to enter the community, no exchanges, no recommended links Dogecoin (DOGE), as the earliest “meme coin”, has a huge community of fans. As November approaches, it begins to gain momentum again. After experiencing early consolidation and increased activity on the chain, DOGE once again attracted a lot of attention. The key question now, though, is whether this momentum can turn into a real rally in the coming weeks.  Dogecoin (DOGE) Technical Indicators Worth Watching From a technical perspective, DOGE's MACD indicator has a dead cross, which means that short-term prices may decline. The signal line is above the MACD line, forming a dead cross. The blue line on the graph is the MACD line, and the orange line is the signal line.  The relative strength index (RSI) of Dogecoin (DOGE) is now 40.16 and 35.28, respectively, indicating that downward momentum is stronger than upward momentum. However, the RSI has fallen to around 35.28, which is close to the common oversold zone (30), which means that the market may soon have a short-term rebound.  The whale trading of Dogecoin (DOGE) shows a moderate increase in holdings, with the highest single increase recently reaching $11.1 million, indicating that large investors are beginning to be interested in entering the market again. Billions of DOGE are flowing among major wallets, both in accumulation and distribution. Although big players are active, overall, the market still needs to remain cautiously optimistic. Current trends and key technology levels DOGE's current market capitalization is approximately US$25.44 billion, and its trading volume in the past 24 hours was approximately US$3.97 billion. At press time, DOGE price was $0.167, up 4.79% in the past 24 hours.  The price is now in an upward trend and is testing resistance near $0.1893. If it breaks through successfully, the next target may be directly at $0.2000. The lower support is at $0.1622. If it falls below this point, the price may drop further to around $0.1400.  The blue line indicates resistance at $0.1893, and the yellow line indicates support at $0.1622. The old horse may trigger the next round of Dogecoin’s rise Now that Lao Ma has more free time, he may resume "support Dogecoin" operations, which may lay the foundation for a price increase. If the number of social media mentions remains low in the next few days, this "calm" may become the perfect opportunity for the old horse to take action, causing the stock price to rise directly. In November, Dogecoin’s (DOGE) next wave of gains may indeed come, but only if the price successfully breaks through key resistance levels, and trading volume and market sentiment must keep up. Otherwise, DOGE could continue to consolidate or even pull back further. Everyone should focus on whether it can break through $0.20, or fall back to around $0.17 after failing to break through. 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 on the left: KP92877 QQ on the right: 3908306664  |
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