Dogecoin has arrived at a new teacher with a number of Maintaining the network Hit the highest new level ever (ATH). Despite this upward development, Doge Price continues to struggle, which raised concerns among members of society.
It struck the new Dogoin ATH governor, but PRICE is still the struggle
in X postThe encryption analyst Ali Martinez revealed that the total number of Dogcoin Governor has reached the highest new level ever at 83.48 million. This is difficult for Doge because it indicates that more users are actively using NetworkAnd the first Mimi currency. An increase in the interest of Dogecoin tends to lead to the high prices of Meme.
However, in this case, the price of Dogecoin is struggling although the mesh addresses strike a new ATH. Doge is currently less than the psychological price level of $ 0.20, after it fell steadily from the highest local level of $ 0.46 achieved in December. Al -Bittin was also mentioned recently, DOGECOIN price decreased Because of external factors instead of its basics.
Continuous Trade war Between the United States and other countries such as Canada, Mexico and China have sparked Haboodi’s feelings between investors and were negatively affected by Dogecoin and other encryption assets. Moreover, the United States continued to create uncertainty in the market by going back and forth regarding the definitions it chooses to impose on these countries.
At the same time, the American Federal Reserve maintains a parking lot, which reduces the possibility Nutrition of interest rates this year. This is also a decrease for Dogecoin and continues to influence its price. Investors are unlikely to allocate a lot of capital to Mimi and other risk assets without assurances of lowering prices this year.
It lasts to decrease to $ 0.15
In X Publishing, Ali Martinez Warning that the price of Dogecoin may decrease to $ 0.15 if the support level decreases $ 0.19. He explained that since 2014, Dog was circulated inside an upward channel and was tending to recover from the low -support line of the channel to the upper resistance line.
However, the encryption analyst Trader tardigrade He suggested that the price of Dogecoin can go out to the upward trend rather than suffering a break less than $ 0.19. In the X Publication, he stated that the average trend in Dog (ADX) indicates a possible increase. His accompanying scheme showed that the first Mimi currency can gather to $ 2.8 when this increase occurs.
Meanwhile, amidst this declining trend in the market, encryption analyst Kevin Capital indicated that it might be the right time now Dogecoin accumulation. He referred to the DOGE (RSI) weekly relative index, which is currently enjoying each other. As such, the Mimi currency can recover close to the current price level.
At the time of this report, the DOGE price is traded at about $ 0.19, a decrease of more than 8 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
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