- Dogecoin returns to $ 0.1722 after the extended lower direction.
- Analysts set the keys to $ 0.13548 and $ 0.09024.
- The long -term emerging canal dating back to 2014 is still intact.
Dogecoin (Doge) have shown signs of short -term recovery, and spread gains over the past 24 hours to reach $ 0.1722 despite their significant decreases in recent weeks.
Market analysts closely monitor the Meme Cryptocurrency price movements, as many technical indicators indicate that Doge may face more fluctuations before separating from the upward trend.
A prominent analyst in Tradingview High Decisive support levels that can determine the pathcoin path in the short term. After the resistance level has recently ended, the analyst notes that the current price reactivation is necessary before any large gathering is achieved.
Main purchase areas have been determined where Doge may find great support: a preliminary green area at $ 0.13548 and a secondary support area at $ 0.09024.
The following major Dogecoin goals
In the event that Dogecoin establishes stability on any of these support levels, the analyst suggests that a large upward movement can follow, with possible goals in a scope of 0.30 to $ 0.40.
Such a move represents a possible increase in prices of up to 132.3 % of the current levels. However, the analyst himself warned that the conditions of the broader market are still difficult, while intensifying “the lowest levels of sides” as the emotional feelings are gradually intensified.
Meanwhile, respected analyst Ali Martinez presented a long -term perspective of doing the prices of Dukwin. Martinez focused on a prominent visual upward channel on a weekly Logaretmate scheme dating back to 2014, noting that Duji had respected these boundaries of the channel throughout its history. Currently, Dogecoin tests the lower boundaries of this channel, which has already provided strong dynamic support during the main market corrections.
Martinez predicts that if the purchase pressure increases at this decisive support level, Dogecoin may suffer from a large rally to the middle or upper domain of the channel.
From the perspective of the spread of Fibonacci, it suggests that Dog can exceed $ 0.45 in the short term if the momentum is built. The most ambitious goals include a possible step exceeding $ 2.40 if the price reaches the channel’s midfield, while the upper resistance corresponds to the mark of $ 7 in a very bullish scenario.
Dog touched $ 0.47 in December 2024 before the start of the current decline. The “handle” of this style now shows signs of monotheism, which usually precede an upward movement if the pattern is successfully completed. In addition to this upscale status, the analyst pointed to the consensual pattern AB = CD, which indicates a possible target price of $ 0.88 if confirmed.
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