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The price of Dogecoin again is a critical point after re -testing the general trend line. However, according to two chart, the icon -inspired by the main collapse can be. Crypto Balo (@BBTCBALO) and CAS abbé (cas_abbe) both joint technical planners that suggest a new leg for DOGE, with highlighting specific prices, traditional Fibonacci levels, and a recently optimistic pattern.
Dogecoin never less than $ 0.15 again?
On the three -day DOGE/USDT chart published Balo, signs of ELLIOTT (name (1) and A and A – B – C) indicate that the market has completed a corrective stage near the $ 0.15 region. This conclusion depends on a set of technical signals, including a strong support zone and visual convergence in trading volume. According to Balo, the last wave of the broader correction appears to have ended in low teenagers, which is believed to be strengthened at a main turning point.
Palu draw Special attention to many levels of Fibonacci on its scheme. It indicates that $ 0.2350 corresponds to an alternative 0.618 Fibonacci, while it represents $ 0.1671 a substitute 0.786 embarrassment. In his opinion, the continuous price is higher than the spread of 0.786 is necessary to maintain the bullish dogecoin momentum. Balo refers to more decline 1.0 at $ 0.0805, describing it as a low main course since previous years, but asserting that DOGE has not reconsidered this level for a long time.
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Based on these observed structures, you expect that Dogecoin can move sideways for a short period to collect momentum. It emphasizes the potential price of the price before you face “the following great resistance” near 0.3552 – 0.36 dollars. As he put it, “Doug looks like it’s down.
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Thus, it determines $ 0.36 as a turning point that can pave the way to restore historical levels that exceed $ 0.76, but he stresses that he wants to see a decisive break over this resistance first. Until then, he sees $ 0.15 as a strong support floor and maintains confidence that Doug’s price procedures may simulate its budget structure from September 2024.
The outbreak of the fall of Dog
Local period analysis of Cas Abbé, Draw On the four -hour graph, it indicates a classic wedge formation. After a decisive step beyond the ALIDGE line, Abbé suggests that buyers have taken the initiative to reversed the previous declining direction.
One of the main factors in ABBé’s evaluation is the RSI. It indicates that the relative strength index has briefly decreased in the sales lands – a occurrence often considered a reliable indication that the pressure pressure has reached the maximum. Since then, RSI has turned to the scope of the fifties of the last century, indicating the possibility of regeneration of upward momentum. Quoted from these technical developments, Abbé comments, “Doge Fallge Wedge Breakout. RSI 4H has entered the Oversing area and is a clear bottom signal. If BTC does not lose its momentum, Dog may gather about 0.22 – 0.25 dollars in the coming weeks.”
At the time of the press, Dog was traded at $ 0.17.
Distinctive image created with Dall.e, Chart from TradingView.com
