Since the encryption market surrendered under the pressure of increasing war tensions, The price of Dogecoin has not been left outside the attack. During the weekend, the Meme currency witnessed a decrease of more than 5 % as it erupted less than the level of 0.16 dollars, and it appears to be in free autumn. This naturally led to panic among investors, which led to more market sales. In the midst of this, an encrypted analyst revealed the best time to buy Dog.
What is the best time to buy Dogecoin?
the The price of Dogecoin has already decreased to a $ 0.15 area And it continues in the direction low after the market collapsed. Despite this decline, an informed encryption analyst on TradingView said this is still the right time to buy. The reason behind this is that the price of the Meme Coin still has a long way before the violation.
From here, the encryption analyst is still Expected The price of Dogecoin decreases by another 10 %, and this would return it to the level of $ 0.13. The analyst explains that investors must first wait for the digital asset to deal with this important field. The reason for this is that the support support has been compatible here with weekly support, and this has led to a strong meeting area for potential entry.
Because of this composition, it makes it anywhere in a 0.13 dollar range to start buying the Mimi currency. Moreover, with the formation of support at this level and a lot of liquidity expected to flow, the price of Dogecoin can witness a significant bounce of this purchase area.
As the analyst also indicates, the price of Dogecoin can almost double the purchase area. The target of $ 0.25 means a 90 % price increased by the third quarter of the year, which brings investors to green again.
Supports low support size for further decrease
Besides the steady decline in the price, there was also fixed Decrease. Consider the historical performance on Coinglass platformIt supports expectations that the price of Dogecoin will continue to decrease from here.
In June, the Daily Daily trading volume witnessed a remarkable decrease from its highest level of $ 5.1 billion to less than 3 billion dollars on average. If the market drops, this number can end up to less than two billion dollars before the month ends, and Dog can unintentionally see the return about $ 0.13.
Distinctive image from Dall.e, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each diligent review page is subject to our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
