DOGE Is Still Set to Respond to the Buying Tendency

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DOGE is still set to respond to the buying tendency amid its decline at the moment. Quite a lot has been in store for Dogecoin Network, especially now that Elon Musk has already implemented Twitter regulation. This in turn has caused a major effect on the price activity of doge, thereby giving it an edge among its contemporaries.

Since investor influence is currently at its peak, we still anticipate that buying pressure will remain intact for the moment. However, a short-term decline won’t put a very strong buying tendency at risk, whereas a trading rebound could put sell-side traders at risk. However, the buying opportunity is still very much determined by Dogecoin investors’ interest at the moment.

Key Levels to Watch on DOGE – November 7

The buyers had been positive with strong liquidity flow, thereby attacking high order levels. The buying setup has been seen close to $0.1600 before they eventually ran out of strength.
DOGE Is Still Set to Respond to the Buying TendencyA has been closely observed following buying rejection beyond the $0.1500 key zone. Selling retracement is therefore progressing to the 1100 key zone in the market. The stochastic is currently falling in relation to the effort on the Dogecoin price.

Nevertheless, buyers should look beyond price pullbacks and anticipate buying progression following a price decline. The price oscillator is therefore still at the edge as sellers take chances on the Dogecoin market.

DOGE Key Levels

Resistance Levels: $0.1500, $0.110
Support Levels: $0.0480, $0.900

Total Market Capitalization: $15B
Doge Market Capitalization: $15B
Doge Volume: $1.4B
Market Rank: #8

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.