DOGE Price Analysis for November 2

Bears are becoming more powerful on the last day of the week, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has declined by 0.21% since yesterday. Over the last week, the price has fallen by 6.55%.

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.

On the bigger time frame, the picture is more bearish than bullish as the rate is close to the support level.

If sellers’ pressure continues, one can expect a breakout, followed by a further correction to the $0.17-$0.1750 range.

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.