The price of Dogecoin is close to the outbreak of the triangle, and it presses about $ 0.20
Dogecoin exceeds $ 0.16 with Bitcoin exceeding $ 84,000. However, short -term recovery faces critical resistance and conflicts to overcome the $ 0.17 sign.
The price movement analysis reflects the price of a dogecoin that reaches the top of a triangle style. Will this lead to a rise to a sign of $ 0.20, or is the collapse inevitable? Let’s discover.
Dogecoin price analysis
In the 4 -hour price chart, Dogecoin Price reveals a rapid recovery of a 0.13 dollar sign. This leads to a great recovery with the help of the local support line.
However, the recovery of ascension fails to exceed the mark of $ 0.17. This reveals a strong strong supply zone, while maintaining the bullish growth in the examination.
Moreover, the upper ceiling and direction line create support triangular style. Currently, the Doge Coin price is close to the top of the style, annoying a potential gathering.
Supporting upward opportunities, EMA lines gave 20 and 50 lines in the graph for 4 hours an upward intersection, with EMA 50 and 100 lines about to restore positive alignment.
Thus, in the event of an occurrence of occurrence, the bull race is likely to reach the R2 axis resistance level at $ 0.1936. This increases the possibility of restoring the Doug currency of $ 0.20.
On the other side, if the 20 EMA line fails in the graph for 4 hours in keeping the Dogecoin price, it is possible that the fall will test a sign of $ 0.15. The most severe pressure correction can be placed on the S1 axis support at $ 0.1384.
Dogecoin siren analyst to reach $ 0.29
Support upward opportunities in DokwinAli Martinez, an encryption analyst, indicates a possible purchase opportunity. The analyst sheds light on a large week to come to Dogecoin.
#DogeCoin $ Doge Prepare for a large week. The closure of above 0.17 dollars can open the door to $ 0.21 or even $ 0.29, as long as it carries the support of $ 0.13. pic.twitter.com
Ali (ali_charts) April 14, 2025
Since the price of Dogecoin is a major rejection of the prices on the weekly timetable. Moreover, it bounces from the long -term support line in the weekly graph, hinting to a new ups in the Dogecoin.
According to the analyst, the closure can pave over $ 0.17 the road to $ 0.21 or $ 0.29. However, the analyst highlights the level of support of $ 0.13 as a safe level of failure.
