Dogecoin decreased by more than 50 % after it reached $ 0.5 before the opening of Donald Trump. Although recovery expectations, The M -currency continued to declineBreaking the bottom of the main support like $ 0.15. However, this may be a unique opportunity for encryption traders, with such times often create an ideal entry for maximum gains, according to one encryption analyst.
Fear is not your friend
The encryption analyst that goes to the borrowed name on the site recently Published Dogecoin’s commercial idea indicates that it is now time to enter the M -currency. This comes after the analyst called a short trade at Dogoin in 2024, followed by a 75 % decrease in the value of Meme.
This time, the encryption analyst provides four reasons for the reason that this may be an appropriate time to buy Dogecoin. The first reasons is that the majority of the market (90 %) is currently selling. Thus, it is advised that investors buy when there is blood in the streets, which warns investors that “fear is not your friend at the present time.”
Next in the list of reasons Dogecoin work And RSI resistance escape. To date, the price of the DOGE and the multiple RSI resistance test, and it appears to be the latest outbreak, in the direction of the recovery.
The third reason given the reason for determining the price of Dogecoin to recover is to find support for the previous resistance. The encryption analyst determines these resistance levels with red stocks, with a main size of about $ 0.15. Thus, with a break from here, it is expected that the MG currency will continue to height.
Another in the list is the normal upcoming difference that altcoin offers to him. With movements such as November 2024 increase in the rear view, the doge rally repetition can see sharply, and the possibility of one dollar level expected.
DOGECOIN price goals
If all things go as planned, the encryption analyst believes that The price of Dogecoin can increase by another 300 % From here. Of course, the 300 % step will put the Mimi currency at a much higher price than it was 2024. Currently, the main goal is $ 0.6.
As Trump stops the definitions of all countries except China, the encryption market is already interacting positively. Dogecoin has a 10 % sharp increase, exceeding $ 0.16 in less than one hour after the announcement. If the upscale feelings are suspended, the boom may pay about $ 0.2 in the meantime.
Distinctive image from Dall.e, Dchart from TradingView.com
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