Dogecoin Price Analysis —November 12

DOGE has fallen into a bearish momentum towards the $0.2400 mark, as the broader market suffered a significant correction this morning. The tenth-largest cryptocurrency broke below the $0.2600 support recently, following a minor consolidation above that level. That said, this previously-unlikely bearish move could persist as we enter the weekend, with bears waiting for the $0.2400 low. For bulls to forestall a dip to the earlier mentioned low, they need to pull the impossible and push the price into the critical $0.2700 - $0.2750 pivot zone.

Meanwhile, my resistance levels are $0.2600, $0.2700, and $0.2750, and my support levels are $02500, $0.2400, and $0.2300.

Total Market Capitalization: $2.80 trillion

Dogecoin Market Capitalization: $33.8 billion

Dogecoin Dominance: 1.21%

Market Rank: #10