Popular analyst Master Kenobi recently gave his thoughts on DOGE’s possible upward trajectory. The Relative Strength Index shows momentum at 62.09. The analyst believes the cryptocurrency could hit $85 by November 25, indicating upside potential.
DOGE Recent Price Movement and Important Levels
Dogecoin’s recent surge began near the $0.20 support level, resulting in two consecutive six-day periods of significant gains. Breaking resistance levels at $0.23, $0.34, and $0.44, the cryptocurrency reached around $0.74, approaching its all-time high. Following this surge, DOGE consolidated near $0.44, establishing strong support before resuming its uptrend.
Key resistance levels are currently at $0.44, $0.74, and $0.85. Besides, potential downside zones include $0.20.5, $0.17.5, $0.14.2, and $0.11.5. These zones could play a key role in any downside correction.
Technical indicators show strong momentum
The RSI shows moderate bullish strength, implying that there is room for growth before entering overbought conditions. Additionally, the yellow arrows on the 4-hour chart highlight breakout points during the consolidation phase. These points mark the transition from sideways movement to a strong uptrend driven by buyer enthusiasm.
Master Kenobi stressed the importance of adapting to market dynamics. He noted that it is important to remain flexible and modify strategies based on evolving trends. This view aligns with DOGE’s dynamic market behavior, which includes peaks, troughs, and consolidation phases.
Planned route and community sentiment
The chart predicts a bullish trajectory towards $0.85 if DOGE sustains its momentum and breaks key resistance levels. Conversely, failure to hold support levels could trigger a pullback to lower regions. Despite the short-term volatility, the overall sentiment remains bullish.
Notably, Master Kenobi urged the community to focus on the overall trend, emphasizing patience and faith. He reminded DOGE holders that the market is evolving, requiring constant assessment and flexible strategies.
