It’s time to buy Dogecoin? The analyst expects that the price of Doug is preparing to apostasy
DOGE price increased by 2.5 % today, and is now trading at $ 0.167. As a reminder, Dogecoin has achieved the highest local level of about $ 0.47 in December before a significant decline began in line with the rest of the market.
Veteran Ali Martinez was weighing to the situation around Dukwin and referred to an important indication of the Doug scheme.
According to Martinez, Dogecoin may prepare to return. The RSI Index has decreased on the DOGE chart to the bottom of its range, less than 20, which usually indicates that the currency is working together. More importantly, the two lines in this indicator seem ready to cross up, which often happens before the prices are bounced.
We have seen this style before. Similar transitions occurred in October 2023 and February 2024, and both times, Dog’s prices increased after that. Before this last decrease, Dogecoin rose by 444 % impressive, and moved from about $ 0.09 to about $ 0.50.
The current declining trend was significant, as the DOGE price decreased sharply from its last highest levels and the penetration of many price levels that were previously strong.
#DogeCoin $ Doge You can prepare for the main apostasy as RSI approaches the shares of the upper intersection. The momentum turns! pic.twitter.com/0qdnaisyx
Ali (ali_charts) March 13, 2025
Main DOGE price levels for monitoring
Currently, DOGE tests the support between $ 0.14 and $ 0.15, with the last price touched this area. If the currency holds here, you may start returning about $ 0.20 -0.22 dollars, an area you supported but now working as a resistance.
If we look forward, Dog faces more resistance between 0.30 to $ 0.35, with the last peak near $ 0.50 being a big obstacle. On the downside, if the current support fails to keep it, prices may slip about $ 0.10-0.12 dollars, with a deeper support zone ranging from $ 0.085 -0.09 dollars as buyers previously entered.
In a tweet, Martinez specifically noticed, “Dog can prepare for the main apostasy as RSI approaches the arrows of a bullish intersection. The momentum turns!” This evaluation is in line with the graph patterns that show that excessive sale that may be due to correction.
While the artistic image indicates a potential recovery, it is mentioned that encryption prices depend on many factors that exceed the patterns alone. However, if the theory of Ali is correct, the time may be the time to collect more distinctive symbols.
Also read: It’s time to buy Baby? The indicators say yes, but Mimi currency is $ 0.003
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