Dogecoin price is trading at $0.2629 with a bearish bias, within the confines of a symmetrical triangle. DOGE may make a big move to the upside as the price volatility decreases. The measured target of the symmetrical triangle suggests that Dogecoin may make a 29% upswing to $0.34.
DOGE is trading in the red around $0.2628 after tanking to areas below the 100 four-hour Simple Moving Average (SMA) on Friday November 05. Dogecoin price had been consolidating between the $0.24 and the $0.28 psychological levels between October 05 and October 25. The market-wide correction that took place on October 26 saw DOGE slip to lows of around $0.21 before recovering to consolidate above $0.235.
What followed was a result of the ‘battle of the meme coin’s’ that saw the ‘DOGE Army’ react to the fact that SHIB had toppled Dogecoin from its position as the 8th largest cryptocurrency by market value. This saw DOGE rally as much as 50% to brush shoulders with $0.355.
Dogecoin Price Chart Patt
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