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Dogecoin Price Prediction for Today, November 16: DOGE/USD May Cross Above $0.090 Resistance

Dogecoin Price Prediction for Today, November 16: DOGE/USD Could Cross Above $0.090 Resistance
Dogecoin Price Prediction for Today, November 16: DOGE/USD Could Cross Above $0.090 Resistance

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The Dogecoin price prediction could set a bullish run if the market can keep the coin within the 9-day and 21-day moving averages.

Dogecoin Prediction Statistics Data:

  • Dogecoin price now – $0.084
  • Dogecoin market cap – $11.3 billion
  • Dogecoin circulating supply – 132.6 billion
  • Dogecoin total supply – 132.6 billion
  • Dogecoin Coinmarketcap ranking – #9

DOGE/USD Market

Key Levels:

Resistance levels: $0.14, $0.15, $0.16

Support levels: $0.04, $0.03, $0.02

DOGE/USD is running a little retreatment move below $0.085 with a loss of 2.87%. For the fact that the coin is recording some losses, the Dogecoin price may follow a bullish movement within the channel if the coin crosses above the 21-day moving average. Meanwhile, traders can expect the price to begin to rise if the bulls resume back into the market.

Dogecoin Price Prediction: DOGE/USD May Move Upside

The Dogecoin price is on its way above the 9-day moving average at around $0.066. If the price creates a bullish movement, traders can then expect a positive movement toward the upside. Meanwhile, as the technical indicator Relative Strength Index (14) remains below the 50-level, crossing above this level could reach the possible resistance levels at $0.14, $0.15, and $0.16.

Moreover, if the coin begins the bullish movement in the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the Dogecoin price is trying to follow the sideways movement in the short term. On the contrary, any bearish movement below the lower boundary of the channel could roll the coin back to the long-term support at $0.04, $0.03, and $0.02 levels.

Against Bitcoin, the Dogecoin price is likely to cross above the 21-day moving average as the coin keeps trading above the 9-day moving average. With the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market.  At the moment, the Dogecoin price is hovering around 514 SAT, and traders can expect close support at 350 SAT and below.

DOGEBTC – Daily Chart

However, if a bullish move pushes the price to the upside; traders can confirm a bull run for the coin, and the closest resistance could be located at 700 SAT and above while the technical indicator Relative Strength Index (14) moves in the same direction above the 50-level, suggesting sideways movement.

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