DOGE Price Prediction for November 17

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As a seasoned analyst with over a decade of experience in the crypto market, I’ve seen more than my fair share of market fluctuations, including the meteoric rise and fall of various coins. Today, let’s discuss Dogecoin (DOGE).

On the final day of the trading week, market control remained with the buyers, as indicated by CoinMarketCap’s data.

DOGE/USD

The rate of DOGE has declined by 4.30% over the last 24 hours.

On the one-hour timeframe, Dogecoin (DOGE) is attempting to breach its immediate resistance level at approximately $0.3679. If bullish momentum persists and the daily price action ends near or above this value, it might trigger a move towards the potential resistance zone around $0.38.

On a daily basis, the DOGE rate appears to have broken through the resistance level of $0.3513, but this might be a false breakout. If today’s bar ends significantly away from it, the price could potentially rise towards the significant area of $0.40 in the upcoming days. This possible scenario is relevant for the coming week.

Looking at the midpoint of the meme coin’s price journey, it’s evident that the current price is some distance from crucial points. Instead, it would be more productive to concentrate on the potential high point the weekly candlestick might reach before closing.

If it reaches around 0.40, it’s probable that the price will keep rising. Alternatively, there could be a potential adjustment towards the 0.30 price range.

DOGE is trading at $0.3662 at press time.

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2024-11-17 14:38