The price of Dogecoin now touches important support and resistance levels with experts who are trying to determine the future direction. Since the upper coin fluctuates near support and resistance levels, market analysts have expected high and less possibilities. Both technical analysis and historical data indicate how prices are reflected or unified in the coming days.
Dogecoin Price faces an important test: Does it support reservation or collapse?
PRICE DOGECOIN faces a strong resistance at $ 0.176, with a declining tissue pattern formed on the daily chart. According to Alan traders, this pattern is a strong reflection signal, indicating an increase in the pressure pressure. The resistance level has already seen a false outbreak, as the price of Dogecoin moved for a short period above $ 0.176 but failed to keep it. This failure indicates poor momentum ascending and a potential declining movement.
The analyst suggests that if the price decreases, the price of Dogecoin can re -test the support level of $ 0.143. If the pressure pressure is intensified, the Meme currency may be trading within $ 0.143 and $ 0.176. The decrease may lead to the bottom of this support to further decreases, which leads to payment Mimi Alawite currency To the stage of deeper correction.
However, if buyers intervene and defend $ 0.143, the price of Dogecoin may continue to integrate this range. The analyst states that in order for the coming collapse, Dog must create the lowest levels and build a momentum near the resistance level of $ 0.176. The ongoing step over this resistance can nullify the landfill, which leads to an ascending trend.
The analyst expects 16 % collapse to collapse
Analyst Ali Martinez has identified a triangular style on Dukwin’s price charts, indicating the possibility of outbringing. This upscale pattern is formed when the lowest levels develop while the price is repeatedly experienced the price of a horizontal resistance. In this case, the main range of the hacking team ranges between $ 0.16 and $ 0.18.
Martinez Suggest If the DOGE price is closed outside this range, whether it is up or down, the price movement may follow by 16 %. The collapse of more than $ 0.18 may lead to more bullish momentum, while the collapse of less than $ 0.16 may lead to a sharp decrease.
The trend line at $ 0.14269 can affect the Mimi rally
Moreover, analyst Dog Capital indicated that the price of Dogecoin follows a historical style observed in previous market courses. The analyst points to a frequent structure where a dog accumulates inside a triple wedge before exit. The main support level to see is about $ 0.14269, which had previously served as a launching platform for Mimi Mimi.
Doug Capital analysis indicates that when the price of Duj Price is Re -test This historical trend tends to recover and start a strong upward step. If this style is repeated, Dog may see another bullish interruption in the coming weeks.
Meanwhile, after FOMC Federal Reserve meeting, Mimi coin showed Strong upward momentum. Analysts set the main price goals at $ 0.38, $ 0.48, and $ 0.60, indicating the ups and increasing trading volume as driving factors.
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform, educate and introduce more people in the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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