The encryption analyst warns of the correction of the prices of Dogecoin was a wrong outbreak, and the calls of 30 % disrupt
Dukwin’s last attempt When recovering, it exploded quickly, and the deception price structure began to form it under the surface. A short -lived gathering led by external news (specifically, Donald Trump’s advertisement To stop the customs tariffs, it raised optimism Through the market, but this optimism fades at the same speed. according to Technical analysis before Crypto RLINDA analyst on Tradingvief, Meme may now return to its correction path with another 30 % price collapse.
The wrong hack was confirmed with the return of Dogecoin under resistance
RLINDA analysis analyzes on Ali Flooding collapse between Resistance area is $ 0.157 and $ 0.1622. The assembly, which was provoked by Trump’s tariff advertisement, witnessed that Bitcoin has risen for a short period and withdrawal of Altcoins like Dogecoin. During this period, Bitcoin jumped 10 % From 75200 dollars to 83300 dollars. This was sufficient to withdraw the highest Dogecoin, with Mimi’s currency pushing $ 0.163 after breaking the previous resistance at $ 0.16.
However, this step lacks strength. Now that the initial reaction has faded, Bitcoin has regained some gains and trades about $ 81,500. Likewise, the price movement was reflected on the resistance of Dogecoin quickly, as the Meme currency is now combined under $ 0.16, a clear sign of the wrong eruption. This transformation in the momentum indicates a strong possibility of a further decrease because the downward trend is still intact. The assembly was just a reaction to the temporary news about Donald Trump’s tariff instead of a real return from the upscale momentum.
Analyst warns of a 30 % collapse
The RLINDA scheme also reflects a broader descending channel style that determines the path of DOGECOIN prices since February 14. This descending channel is highlighted by its highest levels and lower levels. After the wrong penetration above $ 0.162, the channel seemed recently broken, but the resulting procedure indicates that this is not the case. The purchase pressure appears after the Trump tariff announces it, and Dogoin’s Trading volume has decreased now About 50 % in the past 24 hours.
This indicates this The sellers recovered dominationAnd momentum now tends to be in favor of negative continuity. If the price fails to quickly restore the resistance area, Dogecoin may slip into a more severe correction stage.
In its analysis, RLINDA noted that if Dogecoin is closed below the support level of $ 0.13646, the following areas of interest are located at $ 0.1277 and $ 0.1154. The weekly trigger at $ 0.14217 adds to pressure; If broken, it opens the path towards 30 % correction to another noticeable support level at $ 0.1025. Moreover, the analyst also indicated that re -testing the direction resistance to the concession channel The style is possible Before another accident.
At the time of this report, Dogecoin is traded at $ 0.157, at the lowest level of the resistance area between $ 0.157 and $ 0.1622.
Distinctive image from Istock, Chart from TradingView.com
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