Dogecoin Price Analysis—November 8

DOGE has gained a decent bullish momentum following a decisive break above the critical $0.2750 pivot level. The meme coin rallied close to the $0.3000 round figure but failed to scale above following a market-wide correction. That said, the ninth-largest cryptocurrency currently holds a significant bullish bias as the 4-hour MACD indicator finally climbs out of bearish conditions. With that, I expect a bullish continuation to the $0.3000 and, subsequently, the $0.3250 resistance over the coming days. However, an unlikely break into the $0.2750 zone could stall a bullish recovery for this cryptocurrency.

Meanwhile, my resistance levels are $0.2900, $0.3000, and $0.3100, and my support levels are $02800, $0.2750, and $0.2700.

Total Market Capitalization: $2.86 trillion

Dogecoin Market Capitalization: $37.3 billion

Dogecoin Dominance: 1.30%

Market Rank: #9