Dogecoin saw the collapse of its price again after a The month of the upholis movement In April. This recession affected the feelings again, prompting investors to return to the fear area. However, this may be just a small deletion in the radar because the price of Dogecoin may be ready for apostasy. One of the encryption analysts in particular said it could be the price of Dogecoin.
The price of Dogecoin may have reached the bottom after the failure
Astronomer analyst in encryption The name Possible bottom for Dogecoin price after rejection of $ 0.18. The analyst notes that the last time the Mimi currency had returned in October 2024, before the price of Dogecoin ranged about 500 % to a new local peak of $ 0.5.
This time, the encryption analyst believes that the current basics are the same in 2024, such as The altcoin market will be a bottom. But this time, the astronomer expects to hear the price of Dogecoin higher than it was before.
At this level, the price of Dogecoin is expected to be reflected and bring many rewards to investors. Astronomer said: “IMO, given that this is Altcoin and expectations are likely to exceed $ 0.5, as they are already heavy spot bags of a little danger.” “If you want a specific risk for a specific reward, I think the length for a long time is logical as well.”
The reflection pattern in business
Dogoin price looks forward to a reflection pattern after putting it on a possible bottom. This was High By another encryption analyst showed that Mimi’s currency shows a bullish difference in the graph. At this level, the relative strength index is upward and the analyst believes that the rest is above the level of 0.206 from here will be positive for the price.
With the restoration of bullish feelings, it gives the price of Dogecoin is the payment that it needs to move up. Also, if the Meme currency is able to close the direction line shown in the graph below, it is expected to turn up to the price.
The first main goal of the price is resistance at $ 0.2, This is what the bulls need to overcome. Then it is when it plays $ 0.27, and the final goal of a 100 % increase is higher than $ 0.33.
