Dogecoin is experiencing a slight increase in its market value as its rate rose by nearly 1% since the previous day. However, the hourly chart is leaning towards bearish as the price is trying to recover back to the support level of $0.0775. If this trend stabilizes, traders can expect the price to test the $0.077 zone based on current analysis. Similarly, the daily timeframe trends also remains neutral with insignificant movement since the major price levels have yet been broken.
Nonetheless, the long-term outlook still looks optimistic as the price is expected to return to the resistance level and possibly reach the $0.09 zone in the following month. Currently, the Dogecoin is trading at $0.07798 at press time.
Maria Anderson
- 2023-11-26
Dogecoin Market Value Slightly Increases
![CandleFocus Dogecoin-MarketValue-Increase-Optimistic](https://images.candlefocus.com/Dogecoin-Market-Value-Slightly-Increases.jpg)