Dogecoin Price Analysis —November 24

As the crypto market continues to wallow in bearishness, DOGE has fallen into a sideways pattern for the past week between $0.2400 and $0.2175. The meme coin continues to struggle to post any meaningful bullish gains above the 4-week-long descending trendline. That said, DOGE now faces a critical juncture around the $0.2175 support as a possible breakout looms ahead. A slip below the 0.2175 support could invigorate bears to keep the pressure and aim for the $0.200 - $0.1900 psychological axis. However, a rebound and break above the $0.2250 - $0.2300 axis would place the price above the descending trendline and the 4-hour 50 SMA level, which should help the tenth-largest crypto push towards the $0.2700 pivot point.

Meanwhile, my resistance levels are $0.2250, $0.2300, and $0.2400, and my support levels are $0.2175, $0.2100, and $0.2000.

Total Market Capitalization: $2.57 trillion

Dogecoin Market Capitalization: 28.8billion

Dogecoin Dominance: 1.12%

Market Rank: #10