After a brief presentation of the upscale momentum on Thursday, Dogecoin began its primary work, Decrease to $ 0.201. In one month, the Dog’s price decreased by almost 40 %, which led to speculation about the potential bear market stage. However, the mem -header coin is still facing a recovery while moving to the Moftah area.
Tips for the Applications Bloc Region in the direction of climbing for Dogecoin
Dogecoin faces downward pressure, causing previous support levels re -testing. At the same time, the market expert and the trading of the investor is tardigrade open The bullish trend in the recent price procedures.
Going to Dogecoin workThe Tardigrader is highlighted that the Meme coin has entered the decisive request block area for a large purchase or sale activity that may determine the future path of the share. Block areas often operate during increased fluctuations with strong support or resistance levels.
Many of the large boundary orders are waiting for their implementation in this region. When this area is filled with requests, Trader Tardigrade is confident that Doge will move to the upward trend in the coming weeks.
Experts expect to go ascending Dodge Since the previous scenarios have preceded great marches in the following weeks, as it appears in the daily scheme. If the purchase of pressure increases with Doug trading within this demand block area, this may ignite the bullish momentum, allowing it to restore the main resistance levels and perhaps the highest new level ever.
A Main style Citing the graph of the time frame for 4 hours is to support more Doug’s support for the upward arrangement. In another x mailTrader Tardigrade noted that the Meme coin has formed a double bottom plan, an indicator that usually indicates an ascending trend.
If Dogecoin effectively performs the formation of the bottom scheme, it is expected to resume its upward movement. Looking at the expert scheme, this pattern can cause a recovery to a level of $ 0.22 in the following days.
While the double bottom is hinting to the increased momentum, the RSI is underwent the bullish penetration of a horizontal resistance line. This penetration is likely to support Mimi currencyThe expected price recovery resulting from the bottom pattern.
Open break tanks in the past months
Dukwin Open (OI) It has decreased sharply alongside decline price movements. Technical expert Ali Martinez I mentioned More than 67 % has decreased in open interest in the past three months. This is a decrease from its highest level ever of $ 4.07 billion in December to about $ 1.33 billion today.
Surprisingly, investors have begun to show interest in Dog amid the current prices. On the series Data He explains that adult investors or whales have returned to the market, and they have greatly acquired Dogecoin. these Whale It has accumulated more than 530 million dusks over the past 72 hours, indicating confidence in its long -term horizons.
Distinctive photo of Shutterstock, Chart from TradingView.com
