DOGE Price Analysis for December 1

Buyers are trying to hold the gained initiative despite sellers’ pressure, according to CoinStats.

DOGE/USD

The price of DOGE has risen by 0.75% since yesterday.

On the hourly time frame, the rate of DOGE keeps falling after a false breakout of the resistance level of $0.08492.

If the decline continues to the support, there is a chance to see a blast to the $0.081 zone soon.

A similar situation can be see on the daily chart. if the bar closes near $0.082, bears can seize the initiative, which can lead to a more profound drop to the $0.080 range by the end of the week.

From the midterm point of view, bulls have the chance to keep the growth going if the weekly candle closes above $0.08380. In that case, the upward move may continue to $0.09.

DOGE is trading at $0.08265 at press time.

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