Dogecoin (DOGE) Price Breakout On The Horizon, Predicts Analyst
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- At press time, DOGE was trading at $0.07373 after its spruce dipped 2.01% in the past day.
- An analyst believes that DOGE could target $0.084 if it can break above the $0.076 level.
- Technicals on DOGE’s daily chart, however, indicate that buyers have lost some of their strength.
The renowned cryptocurrency analyst and trader, Ali, shared in an X post today that he believes Dogecoin’s (DOGE) price could move up soon. According to the analyst, DOGE is currently “navigating a tight zone, sandwiched between two crucial supply walls.”
#Dogecoin is navigating a tight zone, sandwiched by two crucial supply walls.
— Ali (@ali_charts) November 8, 2023Support Wall: Spanning $0.072-$0.073, with 200K addresses holding 28.6B $DOGE.
Resistance Wall: Ranging from $0.074-$0.076, where 124K addresses hold 26.95B #DOGE.
Note that support outstrips… pic.twitter.com/O5FRIJ1SIl
DOGE’s supply wall spans between $0.072-$0.073, with about 200K addresses holding 28.6 billion tokens. Meanwhile, the resistance wall ranges from $0.074-$0.076, where 124K addresses are holding 26.95 billion DOGE tokens.
The analyst did, however, point out the fact that “support outstrip…
The post Dogecoin (DOGE) Price Breakout On The Horizon, Predicts Analyst appeared first on Coin Edition.
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