Dogecoin Price Holds Above $0.40 and Recovers

Hey there Dogecoin fans! It looks like the price of Dogecoin (DOGE) has dipped below the $0.45 mark recently. Since November 12, it seems like buyers have been struggling to keep the price above that level.

But don’t fret just yet! Long-term predictions suggest that DOGE might see a bullish trend. According to Fibonacci analysis, there’s a chance that DOGE could climb to a high of $0.50 before possibly pulling back. Today, the price of DOGE took a little dip but managed to stay above the 21-day SMA.

Looking at the indicators, it seems like DOGE might be headed towards the 21-day SMA, which could act as a support level. Despite the recent drop in price, the 21-day SMA and the 50-day SMA are moving upwards. On the 4-hour chart, the price of DOGE is below the moving average lines, hinting at a downtrend.

So, what’s next for Dogecoin? Well, on the 4-hour chart, DOGE seems to be moving sideways, trading above the $0.35 support but below the $0.45 resistance. If the $0.35 support holds, we might see a break in the selling pressure.

Remember, this information is just an opinion and should not be taken as financial advice. Make sure to do your own research before making any investment decisions. Stay tuned for more updates on Dogecoin!