the Dogecoin price It threatens a collapse of the current support level, after it has gone through H4 stores. UB encryption analyst revealed what to pay attention to as the first Meme coin is still linked in the short term.
Dogecoin price is at risk of collapse without the main support levels
in X postUB stated that the DOGECOIN price movement does not seem great and hint that the first Mimi currency is at risk of lower collapse than the main support levels. He pointed out that with rejection of 285, there is a clearer picture of the levels to search for a possible bounce. However, the analyst added that he would look at Current price work To be linked to the range until there is a break. 239 or 285.
The analyst also alluded to Dogecoin’s work in A time frame for 4 hours. It hinted that there is likely to be a re -test of the H4 uniform before any potential move down. UB added that, given how much the H4 level is the axis of the H4 level, it will search for weaknesses if there is some bounces of them.
UB also discussed the price of Dogecoin in the time frame for one hour. He revealed that the H4 and H4 standardized level was tested twice. His accompanying plan also confirmed that Dog is at risk of a tremendous decline if it decreases to less than Support level $ 0.24. Meanwhile, Mimi’s first currency is in a unification range ranging from $ 0.24 and $ 0.27.
Encryption Kevin Capital He also suggested that the price of Dogecoin was at risk of collapse. In X Publication, it was revealed that Doge had failed to return over the total golden pocket and the weekly bull market support band. The analyst added that it is time to see Bitcoin closer, which hints that Meme can decrease if BTC also decreases.
Why can Dog’s recovery happen soon enough
In X Publishing, Tardigrade merchant dealer It revealed that the RSI’s relative index (RSI) in the time frame for 4 hours had reached the sale area. As such, the market participants were asked to prepare for the short -term recovery at the Dogecoin price soon. The associated graph showed that the first Mimi currency can regain the support level of $ 0.3 and the apostasy to $ 0.36.
Meanwhile, in another X Publication, the analyst suggested that long -term forecasts for the DOGECOIN price are still upward. Stated Doug cycle style He restores himself. Accordingly, Trader Tardigrade stressed that Dogecoin will have an increase in value as “history repeats its rhythm.”
At the time of writing this report, the DOGECOIN price is traded at about $ 0.25, within the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
