Dogcoin 9 % drowns, but the chief analyst believes that Meme Coin can refresh “strong” if this happens
Effective cryptocurrency analyst Ali Martinez Expect a great recovery for Dokwin Dog/Dollar Despite the stagnation in the market on Sunday.
What happened: Martinez, known for the discovery of patterns of plans and price forecasts, said in the X Publishing that Dogecoin was approaching the critical support level in the lower boundaries of the emerging canal.
“Keeping more than $ 0.16 may nourish a strong recovery,” the analyst expected.
The emerging canal style is a continuing bullish pattern that indicates that the bullish trend is likely to continue after a period of monotheism.
Martinez also drew attention to the increased interest of the whale in cryptocurrencies that bears the title of dogs during the past few days.
About 1.7 billion code has been captured, worth $ 290 million at prevailing prices, by the largest Doug whales in the past 72 hours, and may pave the way for the next penetration.
This result has been confirmed Show A 41 % jump in Duji’s transactions worth more than $ 100,000 in the past 24 hours.
However, the decisive average convergence index, which compares the Asian Mediterranean Mediterranean, compares the asset price index, sheds the “sale” signal for DOGE, According to To TradingView.
See also: Microsoft may have gave Bitcoin Miss but large MSFT investments
Why do it matter: Martinez Al -Saudi’s bullish diagnosis comes in a volatile encrypted currency market like leading cryptocurrencies, including Bitcoin BTC/USDA sharp sale witnessed Sunday evening due to fears of recession.
The recession comes after the president Donald Trump The executive order to create a Bitcoin strategy reserve was signed and hosted the first White House encryption summit.
Dogecoin was not removed from the decrease, as the world’s leading meme has decreased by more than 24 % last week and more than 30 % over a month.
PriceAt the time of writing this report, Dogecoin has exchanged hands at $ 0.1733, a decrease of 9.47 % in the past 24 hours, according to what it said. Data from Benzinga Pro. A year to date, Mimi currency reached 45 %.
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