Dogecoin Price sank on Monday, reaching its lowest level since November last year. This decrease was part of the ongoing encryption and market. Although Doge Price may continue, some analysts believe that it has now reached the bottom, as it opened an opportunity to move against the front.
The encryption analyst believes that the price of Dogecoin in “final surrender”
The price of Dogcoin decreased from an increase of $ 0.4835 on December 8 to $ 0.2572, by 50 %. In the X, Trader TardigradeThe famous encryption analyst with more than 70,000 followers indicated that he moved to the final surrender.
Use a three -day scheme and pointed to the surrender that occurred in August when it decreased to $ 0.08080. As such, the price of Dogecoin is expected to rise to the main resistance level at $ 0.85, an increase of 230 % of the current level.
In another x publication, tardigrade male The currency has similar repercussions in the past. It determined that the currency decreased by 60 % in 2016 and increased by more than 9221 % in the next few years. The currency was also 56 % decreased in 2020 and then increased by more than 30,000 % by 2021.
DOGE Prices Analysis: Technicians refer to a recovery
Its peak reached the weekly graph at $ 0.4832 in December, and then fell to a decrease of $ 0.2017 on Monday with the exacerbation of the feeling. It moved a little less than the main support level at $ 0.2295, the highest swing in March last year.
Dogecoin remained slightly higher than the 50 -week SIA moving average (EMA), a sign of bulls at the present time. It also decreased to the main S/R axis of Murrey Mathematics Airlines at $ 0.2017. This is a decisive point where the original tends to regulate a reflection after it decreases sharply.
There are also signs that Doug’s value Fallen wedge pattern formed a very bullish pattern. Dogecoin PRICE also creates a small hammer pattern, which is a popular reversal sign.
The targeted prices dogecoin
Dogecoin is likely to refresh in the next few weeks, with the next point to watch it is the final resistance of $ 0.400. This price is about 53 % higher than the current level.
However, ascending Doge PRICE expectations It will become unimportant if it decreases less than the main S&R axis at $ 0.2017, which is its lowest level this week. The decrease, which is less than this level, will indicate more from the negative side to the axis strong, at $ 0.09766.
Related questions (common questions)
Dogecoin Price may write down a strong strong outbreak in the coming weeks as it constitutes a jamming and pattern to drop the sorry.
There is a possibility that the price of DOGE will rise to $ 0.40, which is the final resistance point for the Murrey Math lines.
The price of DOGE may decrease to the strong and boredom opposite point at $ 0.10, a decrease by about 60 % of the current level.
Crespos
CRISPUS is an experienced financial analyst in CoingApe with over 12 years of experience. It focuses on Bitcoin and other altcoins, which covers the intersection of news and analysis. His visions were shown on famous platforms such as banklestimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneytransFers.com.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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