Dogecoin (DOGEUSD) Suggests a Clear Bullish Signal at $0.159 High Mark

Dogecoin (DOGEUSD) Price Forecast: November 6

Today, DOGEUSD suggests a clear bullish signal at the $0.159 high mark and may likely increase in strength as the bulls have the price distribution at their disposal. Amid crypto market resilience, the coin price remains strong above the supply levels, triggering the bullish momentum towards the $0.179 previous high. Thus, if more strength is added to the buying pressure, the next price target might be the $0.180 resistance level, resulting in a potential gain for coin investors.

Key Levels:
Resistance Levels: $0.158, $0.159, $0.160
Support Levels: $0.100, $0.099, $0.098

The Dogecoin market suggests a clear bullish signal and remains in a bullish scenario as can be seen on the daily chart below. Sellers are in a panic as the prices remain above the moving averages, confirming an uptrend.

The bull’s persistent action to a $0.163 high level in the past few days has made the coin price suggest a clear bullish signal in its recent high.

Amidst the recent sell-off in previous action, the Dogecoin pair climbed up to the $0.159 resistance mark above the EMA-50, suggesting a clear bullish signal as the bulls try to replenish the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend to a $0.179 peak level will be achieved.

Additionally, as a result of an upward momentum shown by the price indicator, the bullish race might possibly reach the 0.180 upper resistance level soon as it suggests a bullish signal in its long-term outlook.

The DOGEUSD pair remains positive and suggests a clear bullish signal in its medium-term outlook. The sustained bullish pressure to a $0.154 resistance level in the previous action has enabled the token price to suggest a clear buy signal and remains stable at the upside in its recent high.

The Dogecoin price at a $0.159 resistance value is undeniably bullish as the 4-hourly session opens today, suggesting a clear buy signal. Thus, the coin price will grow further if the buy traders can add more pressure to their buying actions in the market.

Additionally, the momentum indicator shows that the DOGEUSD price will continue its bullish rally. Hence, the post-retest rally may surpass the $0.176 previous peak level to reach the $0.180 supply level and beyond sooner as it suggests a clear buy signal in its medium-term outlook.

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