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Master Kenobi reveals important levels as Dogecoin targets $0.85 on November 25th
Famous analyst Master Kenobi recently shared his thoughts on the possible upward trajectory of DOGE. The relative strength index indicates a momentum of 62.09. The analyst believes that this cryptocurrency could reach $85 on November 25, demonstrating the potential for price increase. Recent price fluctuations and key levels of DOGE The recent price increase of Dogecoin started near the support level of $0.20, leading to a significant increase over two consecutive six-day periods. Breaking through resistance levels at $0.23, $0.34, and $0.44, this cryptocurrency reached about $0.74, approaching an all-time high. After this price increase, DOGE has consolidated near $0.44, establishing a strong support zone before continuing its upward trend.
The main resistance levels are currently at $0.44, $0.74, and $0.85. Additionally, potential support areas include $0.20,5, $0.17,5, $0.14,2, and $0.11,5. These areas may play a crucial role in any downward correction. Technical indicators indicate strong momentum The RSI index indicates a moderate price strength, implying room for growth before entering overbought conditions. In addition, the yellow arrows on the 4-hour chart highlight breakthrough points during the consolidation phase. These points mark the transition from sideways movement to a strong uptrend driven by buyer enthusiasm. Master Kenobi emphasizes the importance of adapting to market dynamics. He notes that maintaining flexibility and adjusting strategies based on emerging trends is crucial. This perspective aligns with DOGE's dynamic market behavior, including peak, trough, and consolidation phases. Expected route and community sentiment The chart forecasts a price uptrend trajectory towards $0.85 if DOGE maintains its upward momentum and breaks through key resistance levels. On the contrary, failure to sustain support levels may trigger a retreat to lower areas. Despite short-term volatility, overall sentiment remains optimistic. Notably, Master Kenobi has urged the community to focus on the common trends, emphasizing patience and faith. He reminded DOGE holders that the market is evolving, requiring constant evaluation and flexible strategies.