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The price of Dogecoin may be in more pain, as the encryption analyst made another important expectation The collapse of its lowest levels. On the bright side, the analyst suggests that this decline will provide a opponent for merchants who aim to benefit from Purchase opportunities And accumulate before a possible increase.
If you fail to break the main resistance area, Dogecoin price can see another significant decrease To its lowest new levels at $ 0.125. According to the Crypto Crypto Dave Hunter analyst, this landfill is a more likely scenario for Dogecoin, given the current Market performance and fluctuation.
Dogecoin price is scheduled to return to $ 0.125 discount
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The red horizontal line represents at $ 0.24, a request for a request, which is The level of critical resistance Where the price of Dogecoin is set for the response. The analyst urges merchants to block the purchase of more Dogecoin until he tries to retreat in the short term of this field.
Given Poor market conditionHunter stressed that the shortcut should have a more precedence for merchants. The reason is perhaps because of Dogecoin was a decrease For weeks so far, starting a sale that will help traders prevent more financial losses, especially since additional expectations of the value of Meme.
TradingView analyst warns it Liquidity From low levels it may occur, which means that stopping long situations may be operated, which increases the pressure pressure. The increase in the sale of the sale of any encoded currency is usually often, which leads to low prices with low demand.
While shared it Dogoin's descending expectationsHunter also mentioned the central liquidity points of Dogecoin (CLS) and market timing for merchants. He highlighted that smart funds work in specific courses, and merchants must think about harmonizing their market entries with these CLS liquidity ranges to reduce trade risks.
Doug Retaa: Buying a confirmation signal
In other news, Dogecoin can prepare for Possible price recoverySince TD Sequetial may just flash a purchase signal on the daily chart. Famous encryption analyst Ali Martinez High This discovery on February 27 in the X (former Twitter) post.
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The analyst's scheme indicated 9 TD serial,, Which usually appears after nine consecutive grudging candles and indicates a potential trend to the upward trend. The S13, indicated by the green arrow on the graph, also enhances these apostasy expectations. If this trend, Martinez believes that Dukwin can see a Main upward movement From its current price of $ 0.21 soon.
Distinctive image from Adobe Stock, Chart from TradingView.com