Dogecoin ( $DOGE ) Price Analysis

Dogecoin rose vertically after breaking out of the $0.23 resistance on Nov. 10, indicating aggressive buying by the bulls.

The bears tried to stall the up move at $0.44, as seen from the long wick on the Nov. 12 candlestick, but the bulls bought the dip to $0.35 on Nov. 13 and are again trying to clear the overhead hurdle. If the price sustains above $0.44, the DOGE/USDT pair could rise to $0.50 and subsequently to $0.59.

The first support on the downside is the 38.2% Fibonacci retracement level of $0.32 and then the 50% retracement level of $0.29. A deeper pullback below $0.29 could delay the continuation of the uptrend.