Dogecoin (DOGEUSD) Price Forecast: November 4
DOGEUSD price reaches a phase of steady bullish momentum as it holds a recovery opportunity with a bullish correction pattern. Despite a downturn impacting the cryptocurrency market, Dogecoin has maintained its ground, suggesting a period of stability for coin buyers. Suppose the bulls increase their efforts in the market. In that case, the $0.179 resistance mark might be touched and extended to meet the $0.185 upper resistance level, potentially marking a significant step in the asset’s adoption.
Key Levels:
Resistance Levels: $0.162, $0.163, $0.164
Support Levels: $0.088, $0.087, $0.086
DOGE (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Dogecoin reaches a steady bullish momentum as the prices remain firm above the trend levels, suggesting a high bullish impact on the token.
The sustained action from the bulls to a $0.179 high value in the last few days has made the coin price reach a steady bullish momentum in its recent high.
After completing the $0.154 low mark of yesterday, the DOGEUSD price rebounded and reached a steady bullish momentum at the $0.163 supply value above the moving averages, signaling the potential for potential gains.
Thus, if momentum and adoption increase, the breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level at the upper resistance level.
Additionally, the price of Dogecoin might increase further as it reaches a steady bullish momentum if the bulls could push harder. In light of this, the token price might bounce up to reach the $0.185 resistance level in the nearby days and beyond in its higher time frame.
DOGE (USD) Medium-term Trend: Bullish (4H Chart)
The Dogecoin pair is displaying a steady bullish momentum in its medium-term outlook due to the high inflow from the long traders.
The sustained pressure by the bulls to a $0.158 supply value in the last session has enabled the Dogecoin price to reach a steady bullish momentum and stay strong above the resistance lines in its recent price level.
The market price of DOGEUSD has just broken up the EMA-50 at the $0.160 resistance level as the 4-hourly chart opens today, suggesting the coin price has reached a steady bullish momentum. This will give the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend; if the bulls could push harder and sustain the Dogecoin price above the $0.176 previous high, the resulting rally may surpass the $0.180 level and hit the $0.185 psychological level at the upside as it reaches a steady bullish momentum in the days ahead in its medium-term perspective.
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