DOGE Price Prediction for November 5
11/05/2024 20:34Is price of DOGE ready for midterm rise?
Original U.Today article
Is price of DOGE ready for midterm rise?
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The majority of the coins remain under sellers' pressure, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 7.29%.
On the hourly chart, the price of DOGE is trading above the local level of $0.1698. If buyers can hold the gained initiative, the upward move is likely to continue to the $0.18 zone tomorrow.
The rate of DOGE is on its way to testing the resistance level of $0.1798. If the candle closes near it or above and with no long wick, the growth may lead to a test of the $0.19-$0.20 range by the end of the week.
From the midterm point of view, the price of the meme coin is approaching the resistance of $0.1750.
If its breakout happens, traders may witness further rise to the $0.20 zone.
DOGE is trading at $0.1701 at press time.
About the author
Denys Serhiichuk
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 [email protected].
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