Dogecoin is close to a potential ravine to recover $ 0.20. However, the risk of the collapse of the channel warns of tremendous disruption.
While Bitcoin fluctuates near the $ 83,000 brand, Dogecoin aims to return up. Dogecoin is trading $ 0.1736, bearing the maximum market of $ 25.78 billion.
Being the largest Mimi currency in the market, the recovery inside the day alludes to a mass rally in Dogoin. Will this pay the DOGE prices above $ 0.40? Let’s discover.
Doug price analysis
In the daily chart, Exchangoin prock displays a driver lower lower price direction. The fall highlights the increasingly severe impact of the Mimi coin.
However, the short -term recovery from the support line now challenges the upper direction line. This hints at a possible gathering in Dukwin.
Currently, Dogecoin is trading at $ 0.1734 with a recovery during the day by 3.12 %. This undermines the previous rolling candle, a decrease of 4.43 %.
Dogecoin Technics and main price goals
By supporting the chances of upscale collapse, MACD lines and signal lines give a positive crossover to restore the surface in a positive area. However, the trend flowing in the Si -moving average lines due to the prevailing fall leads to multiple negative transfers.
After the last death cross, the EMA 100 and 200 lines arouse another negative intersection. Thus, the average lines lead to a signal for Dogecoin.
Depending on the Fibonacci levels, the rest poems can re -test 78.60 % at $ 0.3870. On the other hand, the strong support for Dogecoin remains a $ 0.10 psychological support.
An analyst warns the potential collapse in Dogoin
Ali Martinez, an encrypted analyst, indicates a decisive crossroads for Dogecoin. According to the analyst, Meme faces a decisive test in the support line of the emerging channel battle.
#DogeCoin $ Doge On the edge, in the face of a large test. Will you erupt or stand firmly? pic.twitter.com/g3t5lpi5kd
Ali (ali_charts) March 17, 2025
On the weekly graph, the channel’s collapse is likely to test a sign of $ 0.01561. However, the upward return will lead to a new rise at $ 0.5695.
Alert high payment paycooin
While Dogecoin stands at a crossroads, the participation of traders with high investment is increasing gradually. the Open attention It increased by 2.28 %, to reach $ 1.49 billion. However, a long -down downward rate is still at $ 0.994.
Moreover, the overall league financing rate is positive at 0.0032 %, although positive numbers in the derivative market. The liquidation indicates a huge exit of whales. Over the past 24 hours, out of 6.39 billion dollars in the liquidation, the long players have lost $ 5.02 billion.
