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In the latest technical collapse published on X, the most prominent analyst Kev_capital_ta is a pivotal threshold on the daily plan for Dogecoin. According to Keven, restoring a $ 0.28 region on a weekly proximity-and then show a clear follow-up-can put Dogecoin on a road towards re-testing its levels at all.
he Notes: “Come on a level of 0.28 cents on Dogecoin on a weekly closure and show your follow -up and your thinking process is that we are attacking the highest levels after that. I have allocated a long spot at 25 cents on Doge in Patreon via the trading port (separate from a long -term bag). Ready For any of the result.
When will the Dogecoin correction end?
The planned highlights a well -known scale called Bitcoin Bull Market Support Square, applied here on Dogecoin, which consists of a 20 -week simple moving average (SMA) and 21 weeks of SIA (EMA). Although this indicator was originally developed for Bitcoin, many analysts extend to Altcoins to determine whether the most bullish or declining trend is. In the current preparation for Dogecoin, this band hovers in a range of 0.282 – 0.286 dollars. The price has decreased below last week and now faces a major resistance area between $ 0.27 and $ 0.29.
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Besides price levels, Kevin also refers to two studies of momentum. In the daily relativity index (RSI), via the yellow line over the accompanying moving average, indicating that the declining pressure may be a dilution. The relative strength index hovers near 38, which is higher than a noticeable support zone, about 27 years old. In particular, the yellow RSI line has now returned over the pink moving average line (MA). According to Keven, this may be an early sign of the shift in feelings if the follow -up purchase continues.
Another important technical feature is MACD (the deviation of the moving average rapprochement), which approaches the upscale intersection. The MACD line approaches the signal line, and if this intersection is confirmed, it may generate positive momentum for Dogecoin. This Kevin is distinguished as “Cross Macd the bullish cross daily”, which, if verified, will add more credibility to the upscale expectations.
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In the biggest scheme, the graph confirms that a weekly closure of $ 0.28 is the main catalyst. This level is in line with the emerging market support bar, and if it is resolved decisively, it can accelerate the payment of Dogecoin towards the middle of $ 0.30 or after that, provided that the conditions of the market remain wider.
In another post, Kevin explained: “I have been saying that for weeks now while the rest said. We are in a great reform period. These periods occur in the markets if you never notice. On the total number of the market if we want to feel satisfied with this market, otherwise the correction can be deepened.
At the time of the press, Dog was traded at $ 0.25.
Distinctive image created with Dall.e, Chart from TradingView.com
