The price of Dogecoin decreased by 15 % a week, but this analyst says the goal is $ 1.25 to play
A widespread diagram Dokwin Dog/Dollar On Tuesday, bold drawing goals at $ 0.6533 and up to $ 1.25, despite the corrective measure of the coin recently.
What happened: In the x, Javon Marx He said that the crypt, a dog’s encrypted currency still carries a bullish and park, which may lead to a “huge step” towards a level of $ 0.6533. This will represent 280 % of its current price.
“But this may not be the end,” Marx added. “With a post -half cut, these prices may collapse over this goal, bringing to game $ 1.25!” The level of $ 1.25 was approximately 632 % to this writing.
The upcoming expectations were also repeated by the popular cryptocurrency dealer Trader tardigradeWho noticed Doug forms a falling sorry pattern.
Fallen wedge is a bullish pattern that indicates a potential upward price movement and reflected from the current declining direction.
The trader added: “The declining momentum gradually decreased with the approach of the table.”
Disclosure: 82 % of CFD retail accounts lose money
Why do it matterThese optimistic expectations contradict the continuous procedure in prices. The largest Mimi currency decreased by market value by more than 15 % a week due to geopolitical tensions caused by Iran and Israel’s conflict.
The balance that currency holders keep in the long run by 0.88 % in the past 24 hours, According to To Intotheblock, indicating that the hands of diamonds were selling.
In addition, the index of contrast to the moving average rapprochement, which compares the price of the short -term origin to its long -term price, thwarts the “sale” sign for DOGE, According to To TradingView.
On the other hand, the commodity channel index, which measures the difference between the current price and the price of the historical average, indicated “purchase”.
PriceAt the time of writing this report, BTC has exchanged hands at $ 0.1707, a decrease of 1.34 % in the past 24 hours, according to Data from Benzinga Pro. Year to date, the cryptocurrency lost more than 47 % of its value.
Read the following:
Slip: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Compliment: Piotr Gortat on Shutterstock
