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The DOGECOIN daily time frame has reached a critical point that leaves almost any margin of error. The price last night stabilized at $ 0.17551, sticking to a high pad above the meeting of two of the most important rods of the graph guide: the previous resistance of the bottom that lasts from late February and 78.6 percent of the decline in Fibonacci late from 2024 to 0.48440 dollars.
Dogecoin enters the danger zone
The structural scene is defined by a six -month versatile channel, which has led to each batch since Dogecoin reached $ 0.48440 on December 8. The average of that channel – which passes through the field is about $ 0.1800 – as permanent support until Thursday, when you divide it by 11 % of sympathy for bitcoin clean. The failure test in the middle of the channel is rarely trivial. So that Dog can recover $ 0.1800 on the basis of conclusion, the graphic message remains one of the continuity of the direction.
Below the market, the black trend line, which was first rejected on March 26, April 26 and May 2, was reclaimed on May 8, to the ceiling of the channel at $ 0.2540, and was rejected twice-the first rejection on May 11 on May 23. The trend line is now re -testing as a support as it intersects with 0.786 FIB at $ 0.16700, resulting in a high -risk cross point.
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If these level fractures are, the only historical scourges are the multi -year rising trend line (which is withdrawn from its highest levels in May 2021) and that combines with a fixed -to -fixed demand range to $ 0.14500 to $ 0.13500. This rectangle arrested early shaking in April and will represent the final bull trench; Surrender, will nullify the long -term series of almost low low, and it is certain that it opens a wider bear with a potential gravitational pulling to the January axis at $ 0.1290.
Fllers and calamities do not do much to contradict the landfill. The relative power index is fourteen days at 34.70, and it hovers a little over the land of sale, but it still tracks less than its moving average at 45.22, confirming the continuous passive momentum.
Price goals
In pregnancy, resistance layers are stacked like domino. An immediate priority for bulls is a daily closure over the midfield at 0.1800 dollars; If this fails, any attempt to recover is suspicious.
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The next ceiling is the intermediate intermediate intermediary mass: EMA for 20 days at $ 0.20120, 50 days at $ 0.20091, and 100 days at 0.20677 dollars and 200 days at 0.21550 dollars. With all the four averages decreased and combined within the three -cents range, it acts as a single reinforced cover near the psychological handle of $ 0.20.
The cleansing that the barrier will save a price of the channel’s upper railway, which is now descended through $ 0.22. The weekly closure outside this border will finally neutralize the lower -year -old trend for coverage at the following Fibonacci checkpoints derived from the highest level in November: by 61.8 percent at $ 0.23484, 50 percent at 0.28249 dollars, and 38.2 percent at 0.33014 dollars and 23.6 percent at 0.38910 dollars.
Until then, however, the luxurious calculation prefers the bears. The floor is at $ 0.16700 backed by a multi -touch directional line is a slight protection when feelings are fragile and macro flows are not useful. If this shelf is cracking, the self -deficiency of the market indicates $ 0.14500 – 0.13500 dollars, the last plateau that can be defended in Dukwin.
If the red demand area is surrendered, the technical map turns into the January base at $ 0.12990, and then into deep landfill, especially low in August 2024 at $ 0.08.
Distinctive image created with Dall.e, Chart from TradingView.com
