- The levels of support for Dogecoin key can lead between $ 0.16 and $ 0.17.
- Analysts expect potential goals of $ 0.30, $ 0.45, and $ 0.60 if they are a lifeline.
- The accumulation of whales and increasing network activity indicates the increasing interest of the investor.
Dogecoin (Doge) showcases signs of possible occurrence, as analysts highlight the upward technological patterns and increased activity on the chain. While some experts expect immediate prices to increase, others suggest that Doge can decrease before gathering to higher levels.
Meanwhile, the increase in whale transactions and the increase in active headlines indicates a strong accumulation, indicating that the market confidence in the mem currency grows.
The technical preparation for Doge indicates the outbreak
Market analyst Whale He referred to the formation of a banner on the weekly graph and a strong support area between $ 0.16 and $ 0.17. If Doge holds higher than this level and erupted, it may be likely to collect about $ 0.30, $ 0.45, and up to $ 0.60, which represents gains of up to 250 % of the current prices.
Another known trader, MmbtraderHe also sees bullish potential but warns that DOGE has decreased first to support levels at $ 0.13834 and 0.09081 dollars before height. In addition, the resistance highlights the psychological levels of $ 0.30 and $ 0.40.
Data on the series show that Dogoin whales were largely accumulating, with remarkable purchases from:
- 110 million dodes ($ 18.5 million)
- 1.4 billion ducaos (224 million dollars)
- 1.7 billion dusk ($ 300 million)
Moreover, the active headlines on the network increased by 76 %, increasing from 160,000 to more than 280,000 in just one week. This rise in network and purchase activity on a large scale indicates the increasing confidence in the future price movement of DOGE, which may enhance the completion in the coming weeks.
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