Dogecoin

bullish

Bitcoin

Divergence

The crypto market has added 3.32% in valuation over the past 24 hours. With this, it is currently valued at $2.44 Trillion. Moreover, with Bitcoin price retesting the $73k level, memecoins have regained strength.   
With the ongoing bullish recovery in the cryptocurrency market, will the Dogecoin crypto token make a comeback this November? Moreover, is this the last chance to buy it before it hits $0.2? In this article, we have covered the short-term price analysis of the largest meme coin.   
<h2 class="wp-block-heading" id="h-doge-crypto-forms-an-ascending-channel-pattern">DOGE Crypto Forms An Ascending Channel Pattern!</h2>   
With a jump of ~3% in the past 24 hours and a trading volume of $3.34 billion, the Dogecoin meme coin has reclaimed the $0.17 mark. Moreover, it has jumped 24.25% over the past week and 41.85% during the past 30 days. Notably, it has formed an expanding channel pattern and continues to trade within it.   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/30165615/image-104-312-1024x540.png" alt="DOGE Crypto Forms An Ascending Channel Pattern!" class="wp-image-374148">
</figure>   
The SMA indicator constantly supports the DOGE memecoin price chart in the 1D time frame. This indicates a strong bullish sentiment for the altcoin in the cryptocurrency market.   
The Moving Average Convergence Divergence (MACD) has displayed a constant green histogram with its averages showing a significant uptrend in the trend chart. With the current market sentiment, the Dogecoin price may continue gaining value this week.   
<h2 class="wp-block-heading" id="h-will-dogecoin-price-hit-0-23-this-november">Will Dogecoin Price Hit $0.23 This November?</h2>   
If the market continues favoring the bulls, this could push the DOGE crypto price toward its resistance level of $0.18225. Furthermore, if the bullish sentiment sustains above that point, this could result in it testing its important resistance barrier of $0.20.   
However, if a bearish trend reversal occurs, the Dogecoin price could drop toward its support level of $0.155. Moreover, if the favors turn against the crypto space, this memecoin could further plunge toward its lower support of $0.127.   
Considering investing in this memecoin before it hits $0.2? Read our <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin (DOGE) Price Prediction</a> to uncover the long-term price possibilities of the largest meme coin by market cap!

Why Is Dogecoin (DOGE) Price Up Today?

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