The price of Dogecoin has been decreasing throughout November, and the joke currency has been experiencing negative tendencies. Furthermore, the bulls of the currency are unable to wait for firm support in order to resume an uptrend and recovery.
The virtual currency’s price rebound, on the other hand, isn’t going well. Furthermore, meme-based crypto bulls are attempting to drive the price to 0.26 USD.
Some experts and researchers feel that if the meme token bulls can keep control of the green rising trend line, Dogecoin will resume its uptrend and price recovery.
According to CoinMarketCap, Dogecoin is presently trading at $0.216 USD with a 24-hour volume of $1,382,119,005 and has decreased 2% in the previous 24 hours.
Dogecoin Price Prediction
In the upcoming 24 hours, the price of Dogecoin is in the range of somewhere between $0.20 and $0.22. Therefore, the overall 24 hours recommendation is Selling.
At the time of writing, the Dogecoin is trading at $0.2168, almost 4.25% lower than the previous day.
According to several experts’ forecasts and analyses, DOGECOIN has been stuck at a resistance level of 0.19 for a long, and it has a chance to reach 0.34 in the near future.
Some experts and analysts, on the other hand, anticipated that the rise may continue to its new high point. This implies that all of the numerous experts’ and analysts’ analyses and projections are unfamiliar with one another.
As a result, if you decide to invest some money in this currency, make sure you’ve done your study and analysis beforehand since specialists have different perspectives and opinions on predictions and projections.
Meanwhile, other cryptocurrency gurus have set resistance levels around $0.2250, $0.2300, and $0.2400. Support levels have been $0.2175, $0.2100, and $0.2000, respectively.
Dogecoin traders and investors have seen unique price movements since it is an open-source, peer-to-peer cryptocurrency. Furthermore, due to its volatility nature, it might be difficult for observers and experts to provide precise price forecast