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Dogecoin price rolls in the main bullish chart style, recovery on the horizon?

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During the last ups in the last upper market in late April, Dokwin A noticeable upward movement, rising to a mark of $ 0.18 with strong momentum and size. However, it appears that the meme -header coin has lost its vapor because it restores the main support levels, but technical developments indicate a possible recovery in the short term.

Graphic style to ignite a crowd for Dogecoin?

In the past few days, Dogecoin price She faced downward pressure, causing $ 0.16 to review the support level. After bearing a stage of correcting prices and decreasing the bullish momentum, Doge currently displays a possible reflection signal.

Trader tardigrade, an analyst and an investor of encryption, has Indicate A positive direction in the Dogoin chart that indicates a shift in price dynamics. After examining the time frame scheme for one day, Trader Tardigrade revealed a critical pattern, especially the formation of Diamond Bottom.

The appearance of this upscale pattern indicates that the continuous correction of Dog is approaching its end. Look at the graph, Mimi currency The upper line of the pattern was tested and failed, which led to a slight withdrawal. However, when the outbreak occurs, the encryption expert predicted the sharp gathering to the price level of $ 0.35.

It is often called the formation of a reversal of the diamonds, the upper diamond style, which alludes to A potential turning into an upward trend After a long period of the declining direction. It features a symmetrical style in the shape of diamonds that are created by converging trend lines, usually constantly following a negative activity.

Dokwin
Diamond pattern appears on the graph for one day source: Trader tardigrade on x

Since the formation of Diamond Bottom involves a change in the price towards the upscale path, it shows that Doge may build momentum for another step. Thus, this Main graph style It can pave the way to turn to higher levels in the short term.

In another technique analysisTrader Tradigrade stated that decisive momentum indicators flashing upward signals despite the current correction. One of these indicators is the oscillator of the DOGECOIN price momentum (PMO), which measures the rate of price change over a specified period. It helps to determine the repercussions of direction or excessive conditions in the peak/sale.

The most prominent trader tardigrade is an imminent The upscale ascending crossings At PMO, “Green Step”. The change in the PMO index indicates the green time to a stage of positive price movements.

Dog to run the madness of Mimi

Despite the ongoing corrections, optimism in Dogecoin is still strong in society. Cameran trees, encryption trader, High This Doge wakes up, and builds a force to restore prices as shown in the RSI Index (RSI).

When Dog makes an upward movement, the analyst believes that other coins can follow its example, which raises a Mumikwin obsession. Its prediction depends on a 28 -day direction, indicating that the MIM currency is about to get out of the direction. According to trees, “This is not just an outbreak, but rather a reference” to the upcoming movements.

Dokwin
Doug trading at $ 0.173 on the 1D graph | Source: Dogeusdt on Tradingvief.com

Distinctive image from Getty Images, Chart from TradingView.com

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