WikiBit 2025-11-02 21:39Bears are becoming more powerful on the last day of the week, according to CoinMarketCap.Top coins by CoinMarketCapDOGE/USDThe rate of DOGE has declined
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DOGE Price Analysis for November 2
Bears are becoming more powerful on the last day of the week, according to CoinMarketCap.
Top coins by CoinMarketCapDOGE/USD
The rate of DOGE has declined by 0.21% since yesterday. Over the last week, the price has fallen by 6.55%.
Image by TradingView
On the hourly chart, the price of DOGE is rising after setting a local support of $0.1848. If the growth continues, there is a high chance to see a test of the resistance by tomorrow.
Image by TradingView
On the bigger time frame, the picture is more bearish than bullish as the rate is close to the support level.
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If sellers pressure continues, one can expect a breakout, followed by a further correction to the $0.17-$0.1750 range.
Image by TradingView
From the midterm point of view, the rate of DOGE is far from the key levels. As neither side is dominating, there are low chances to see sharp moves soon.
DOGE is trading at $0.1868 at press time.
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