The price of Dogecoin amounts to the lowest levels in the middle of the market, why can an increase by 270 % increase
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Dogoin price has been challenged Weakness of the broader market By creating a series of its lowest levels. In the midst of the market shrinkage, technical indicators indicate that Dogecoin can put the road Exclusive assembly, With analysts expected an increase of 270 % to a new price.
Dogecoin price is preparing to increase 270 %
Dogecoin price scheme subscriber By Javon Marks, it reveals a decisive transformation in the momentum. After the long, long -term direction witnessed The collapse of the price of Meme Coin To the lowest levels, Dogecoin is now separated The direction is going downIt indicates the potential end of the bear.
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Since reaching a decrease in a cycle, DOGECOIN is constantly deploying the lowest levels – a common sign of increased purchase pressure and a fixed upward arrangement. After forming the latest higher decline, Marx believes that Duj is now placed in an upward set.
Historically, similar patterns have preceded the Dukwin price, indicating that the meme can prepare for Continuing the upward trend. According to Marx’s analysis, if Dogecoin follows the in place, the next impulsive wave can pay for $ 0.653, which represents an explosive increase by 270 %.
While low configurations in the past supports the possibility of the expected analyst, the last Dogecoin outbreak of the descending trend line enhances its upper structure. Marx also indicates that climbing to a level of $ 0.63 can serve as a starting platform for Dogecoin, which may lead to an increase in its price to $ 1.25 if its momentum continues.
Despite continuous Market fluctuationDoug continues Hold the main support levels As new eyes. It is worth noting that the target increase of $ 1.25 would represent a wonderful increase of 681.25 % over the current market value of Mimi’s $ 0.16.
Douge faces are made or broken level
According to Ali Martinez, the price of the Dogecoin is currently in a Point or brokenIn the sense that its next step can determine whether it sees a big outbreak or a Decrease. Sharing price scheme highlights open Dogecoin sits on the basic trend line, which has been support since 2018.
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This trend line is in line with 0.796 The level of retreat Fibonacci At $ 0.16, on the occasion of a decisive support zone. If Dogecoin holds above this level, this may lead to a continuation Fibonacci extension level At $ 0.57. Over this price can pay Dogecoin to 1.272 FIB at $ 2.77.
On the other hand, if Dogecoin is less than $ 0.16, the following main support is about 0.618 FIB at $ 0.06. The analyst’s scheme also highlights a possible collapse to $ 0.0066 or even less than $ 0.0016, then Detamental momentum continues.
Distinctive image from Istock, Chart from TradingView.com
