Although the past 24 hours have been characterized by a decline for Dogecoin, Mimi’s currency has Perform Last week. The Mimoin gathered from the May of May at $ 0.16428 to an increase of $ 0.259 on May 23, and the main resistance level turned around $ 0.22, which had previously crowned its growth since late April.
This penetration comes at a time when the broader market morale turns into a rise, with many Altcoins Also registration of gains.
Interestingly, technical analysis indicates that Dogecoin still has a large space to operate this year in terms of price movement, with the course analysis Noting $ 3 before the end of 2025.
Mirrors MA50 2017 and 2021 courses
A Technical analysis published Through Investingscope on the TradingView platform, it has shown that Dogecoin has just recovered from 1m MA50, which is a long -term moving average that played an important role in the launch of its previous explosive communities.
The analysis has been examining the price of Dogecoin since its launch in December 2013 and the most prominent three sessions, with the first two sessions leading to new price levels.
As shown by the monthly Dogecoin Candlestick, Dogecoin wore a medium 1m average of 50 in September 2017 and again in February 2021. In particular, a counterattack was characterized by the final re -testing areas before the M -currency increased by more than 2,400 % to the highest new levels ever.
This is the same preparation He is now in 2025With MA50 monthly it works as a support again about $ 0.13. The similarity in the price structure has opened the possibility that the MIM currency will repeat the same ups He previously carried it from Less than $ 0.002 to $ 0.73. If this fracture pattern is turned on again, this will lead to an equivalent rise above $ 3 before the end of the year.
The target of $ 3 on the basis of the average cycle of 2600 %
Each of the previous session gatherings followed a phase of accumulation with unification near 1m MA50, followed by a sudden price explosion. The first gathering in 2017 paid the price of Dogecoin from $ 0.0007 to $ 0.01827 over two months, which is 2824 % of the bottom to the top.
Likewise, the reversal of 1m MA50 in 2021 led to 2,403 % from the bottom up and reached its peak at $ 0.73. The application of increasing the similar percentage of the latest decrease around $ 0.13 will put the next upper part of the $ 3.00 mark.
The analyst was also martyred Strong techniques in the daily time frame To support this view. RSI’s reading of 64.264, along with a different positive rapprochement (MACD) of 0.014 and average directional indicator (ADX) above 32, indicates the increasing upscale bullity of Dogecoin.
DOGECOIN is currently $ 0.2279 after getting rid of 6.9 % over the past 24 hours. This withdrawal brought the price Near a possible re -test From the previous resistance at $ 0.22.
Distinctive image from Unsplash, tradingvief chart
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