Dogecoin (Doge) showcases signs of possible outbreak, with the concentration of main resistance levels. The CW (@cw8900) refers to that Doge exceeds the first main sale wall and can be on the right path to attend a march.
Moreover, if the penetration continues, the target price in the short term is $ 0.70, as another sale wall is waiting. Market dynamics and historical accumulations support this potential step, although DOGE must cleanse critical resistance points to maintain upward momentum.
The current procedure for a breakdown of the fall of the fall is proposed, a structure known to indicate the upscale repercussions. The 1D timeline analysis, in which CW, sheds light on a series of low altitudes and low decline, indicates price pressure. As the duration is converging, the scenario of collapse is gaining credibility.
$ Doge It is the breaking wall of the first sale. And if it is broken, the next is the upper line of rapprochement.
The assembly may have already started. The short -term goal is $ 0.7, where there is a wall of sale.
After a slight correction of this wall of sale, the real bull market will … pic.twitter.com/m0qwl3kpxf
CW (@cw8900) February 12, 2025
The lower boundaries of this style were strong support, with a multiple re -test confirming the interest of purchase. Modern prices are in line with historical accumulation areas, indicating that institutional and retailers are interfering. If Duj succeeds in breaking the upper trend line, the price may move towards the main resistance levels.
KEY DOGECOIN price levels to watch
Dokwin Price movement It is formed through the levels of support and resistance that dictates the direction of the market. Historically, it extended from $ 0.10 and $ 0.12, a accumulation area, which strengthens previous gatherings, while $ 0.20 served as a psychological standard, as it was previously working as temporary support.
On the side of the resistance, the first obstacle is between $ 0.30 and $ 0.35, determined by CW as a decisive sale wall where traders may take out parking. The next main barrier is placed between $ 0.60 and $ 0.70, coinciding with historical supply areas and a short -term target in CW.
If Doge exceeds this range, momentum may increase prices to more than $ 0.75, which opens the door for further progress. CW analysis is also seen in size directions, which plays a decisive role in confirming the collapse. A recent high trading volume supports the upscale issue.
A sustainable volume is higher than the average validity of the potential Doug movement. In addition, the price procedure indicates the path of curved collapse, which may lead to equivalent gains if The momentum carries.
Also read: This graph style indicates a rise in the price of XRP to $ 15
A short -term look
DOGE’s immediate challenge is to exceed the resistance area of $ 0.30 – $ 0.35. If it succeeds, the gathering can extend to $ 0.70, as CW expected. However, the temporary correction of this level is likely to be a more sustainable upward phase.
Currently, Dogecoin Trading at $ 0.2555It reflects an increase of 1.74 % in the last day and a decrease of 0.35 % during the past week, according to Coingecko. The next few days will be very important in determining whether Doge can maintain ascending momentum and confirm its capabilities in collapse.
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