Dogecoin is strongly returning, which enhances its flexibility in the volatile encryption market. After periods of uncertainty and declining pressure, Dog managed to recover the level of $ 0.18 decisive, which is now a price point as a main basis between bulls and bears. This level appeared as a distinctive line in the sand. Keep it on it with a strong gathering feeding, while the decrease below may open the door for more declines.
With the increase in the volume of trading and renewable benefits of investors, this stage was assigned to an intense confrontation. Technical indicators indicate that the momentum turns in favor of the bulls, but the levels of the upcoming resistance are still a challenge. As the momentum construction continues, will Dogecoin enhance its collapse and higher height, or will the bears try to restore control?
Battle for $ 0.18: Why is this level important
The level of DOGECOIN price $ 0.18 has become the battlefield between bulls and bears, which represents a critical turning point in its work. This level previously was a strong resistance and major support, making it a decisive line that could determine the next step for Doge.
However, the current prices indicate that the bulls have occupied the driver’s seat, indicating a strong purchase pressure to help Doug to stick to a level of $ 0.18. The increasing demand and the high trading volume indicate an increase in confidence among traders, which enhances the ability of more upscale movement.
Moreover, the recent procedures of Dogecoin are supported by strong technical signals, with the RSI climbing up above 50 marks, indicating a shift towards bullish momentum. Miscellaneous, this height in RSI is in line with Dog’s outbreak of $ 0.18, which enhances the argument that the bulls gain control.
If this upscale momentum continues, and the relative strength index continues in the upper direction without entering into an excessive time zone (above 70), it may indicate more bullish capabilities, with resistance goals at $ 0.24 and $ 0.29. The successful break above this level will send the price to the highest levels of resistance, such as $ 0.35 and $ 0.4.
What if Dogecoin fails? Possible negative risks
Dogecoin’s work in a critical turn, and its ability to maintain the upscale momentum depends on the main support levels that may prevent another negative step. After a $ 0.18 level fracture, DOGE may face a decline to this level for re -test.
If DOGE decreases to less than $ 0.18, the following main support zone is about $ 0.12, which is a level of income in which buyers previously entered to defend low prices. The extended decline can see the DOGE test $ 0.09, a region of historical importance that can serve as a strong accumulation area.
