DOGE Price Analysis for December 1
Buyers are trying to hold the gained initiative despite sellers’ pressure, according to CoinStats.
DOGE/USD
The price of DOGE has risen by 0.75% since yesterday.
On the hourly time frame, the rate of DOGE keeps falling after a false breakout of the resistance level of $0.08492.
If the decline continues to the support, there is a chance to see a blast to the $0.081 zone soon.
A similar situation can be see on the daily chart. if the bar closes near $0.082, bears can seize the initiative, which can lead to a more profound drop to the $0.080 range by the end of the week.
From the midterm point of view, bulls have the chance to keep the growth going if the weekly candle closes above $0.08380. In that case, the upward move may continue to $0.09.
DOGE is trading at $0.08265 at press time.