DOGE/USD are traded at 0.2124 and continue to move as part of the fall and the beginning of the ”Triangle” pattern. Moving averages indicate a short-term bearish trend for Dogecoin. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the 0.2195 area. Where can we expect a rebound down again and the continuation of the fall in the Dogecoin rate with a potential target below the level of 0.1905.
Dogecoin Forecast November 25, 2021
A rebound from the resistance line on the relative strength index (RSI) will be in favor of reducing the DOGE/USD quotes. The second signal will be a rebound from the lower boundary of the ”Triangle” pattern. Cancellation of the option to drop the coin will be a strong increase in the value of the asset and a breakdown of the 0.2615 area. This will indicate a breakdown of the resistance area and continued growth in the cryptocurrency rate with a potential target above the level of 0.3005. With the breakdown of the support area and closing of quotations below the level of 0.2005, we should expect confirmation of the development of a downward trend in Dogecoin.
Dogecoin Forecast November 25, 2021 imply an attempt to correct and test the resistance area near the 0.2195 level. Where can we expect a rebound and the continuation of the fall in DOGE/USD to the area below the level of 0.1905. An additional signal in favor of a decline in Dogecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.2615 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.3005.
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