DOGE/USD Gaining More Upward Traction

The DOGE/USD price has continued to advance towards higher price marks. Currently, this crypto hovers around $0.1500 from $0.07 which is a nearly 115% rise in value.

Dogecoin’s Forecast Statistics Data:
Dogecoin price: is $0.1401
DOGEs market capitalization: $18.90 billion
DOGE circulating supply:  132.67 billion
Dogecoin’s overall supply: 132.67 billion
DOGE Coinmarketcap ranking: #8

Important Value Levels:
Top Level: $0.1401, $0.1420, $0.1450
Base Levels: $0.1380, $0.1360, $0.1320

Dogecoin Price Prediction Today, November 2, 2022: DOGE/USD Price Breaks the $0.1400 Resistance

Finally, price action in the DOGE/USD eventually breaks the price resistance level of $0.1400 to the upside. Yet at this point price action is still advancing towards higher price marks. This could be seen as the last price candlestick here has reached beyond halfway of the 38.30 Fibonacci level from below the 50 Fibonacci levels. By Implication, this portrays that massive buying is currently going on in this market. Furthermore, the Stochastic RSI curve remains in the overbought region, as the lines approach each other for another bullish crossover. Consequently, we can assume that price action is already eyeing the $0.1500 level, and maybe this time Dogecoin will hold above this level.

Dogecoin Price Prediction Today, November 2, 2022: DOGE/USD Maintains Its Good Achievements

Coming down to a shorter time frame of 4 hours, it could be seen that DOGE/USD market is maintaining its nice performance. Here – like on the Daily chart, price action remains above the SMA curve, and this indicates an uptrend. Even the latest price candle portrays that price is set to recover elevated price levels as it formed as a bullish price candle. In addition, the RSI after rising very far above the equilibrium level seems unwilling to indicate a reduction in upward momentum. Therefore since the market possibility of further upside move seems more likely, traders can keep going long.

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