Dogecoin Surges, Falls Back
Update: 2025-11-11
Description
Dogecoins Price Surge and Retreat: A Tale of Short-Term Trading and Technical ResistanceDogecoin experienced a significant price jump on November eleventh, breaking past the eighteen cents resistance level with increased trading volume. However, the excitement was short-lived as the price pulled back, erasing most of its gains. The initial climb was part of a recovery trend, but strong selling pressure around the eighteen cent forty mill mark caused a late-day reversal. This suggests that short-term traders might be exhausted after repeatedly trying to push the price higher. Dogecoins immediate future hinges on its ability to hold above the eighteen cent support level and reclaim the resistance around eighteen cents thirty-five mills to eighteen cents forty mills. If it fails to hold support, it risks falling back to its previous base of seventeen cents sixty mills.
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