DOGECOIN PRICE ANALYSIS & PREDICTION (November 27) – Doge Posts Small Gains Amid Today’s Recovery, Are The Bulls Back In Action?

john November 28, 2024 2 min read

Dogecoin and several top meme coins have cooled off buying in the past week as the global crypto market undergoes a short correction. Amid a slight price recovery today, things are now looking positive on the day.

The past few days have seen Doge through a little suspense in buying after failing to push above the $0.48 level last week. Interestingly, the selling was intercepted and the price stayed above the $0.36 level.

That interception brought a small relief in the market and the price remained indecisive throughout yesterday. While volatility enhanced amid today’s recovery, the leading meme coin slightly regained strength and posted a little gain in the past hours.

Despite that, it still looks due for more correction. The bears are finding a key level to initiate drops from a technical standpoint. Another thing to consider for corrections is the daily volume indicator, which has been declining since the price entered the $0.43 range on November 12.

That said, Doge remained one of the top search crypto and most trending assets in the past few days following a 170% rally in the past month. The price is now looking strong again after holding the $0.35 level as support this week. That could spark another upsurge if the level holds well.

DOGE’s Key Level To Watch

If Doge resumes bullish with the latest bounce, it must retake $0.40 with a surge through the monthly $0.48 high to $0.6. Breaking through its all-time $0.745 high, $1 would be the main target level to watch.

Losing the current holding support, mentioned above, the price may further retrace to the $0.298 support before finding a solid rebound level. The $0.229 and $0.18 supports are broader retracement levels to watch if the price dips.

Key Resistance Levels: $0.48, $0.6, $0.745

Key Support Levels: $0.35, $0.298, $0.229