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The recent decrease in the decline in Dogecoin recovered at its lowest level recently after the entire market began last week along the liquidation. However, technical analysis from Tardigrade dealer indicates that Dogecoin It might be already The bottom of the course was created before increasing the following price.
Dogecoin tests the weekly support for the key after a decrease of 40 %
Crossed currency market A big shrinkage Last week, with large -scale losses up to various digital assets. Dogecoin was no exception to the sale, as he was suffering from A sharp decrease of about 40 % Before the support is found about $ 0.22. This decrease represents the lowest price of Dogecoin since the beginning of 2025, and the last time it was circulated at this level in early November 2024.
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Despite the intensity of the decrease, technical analysis of Tardigrade analysts analyst at Crypto indicates that Low Dogecoin recently may be more important than at first glance. In a publication on social media on the X articles of X, the analyst participated in a weekly timetable that highlights that $ 0.22 is part of the main trend line playing an important role in DOGECOIN price movements throughout 2024.
Now, with the return of the price to this level and wearing it, Trader Tardigrade indicated that the trend line apparently turned into a strong support area.
As of now, Dogecoin has refreshed to $ 0.2561, reflecting a positive reaction of about 16 % of its last level. It is worth noting, Data on the series from Intotheblock appears buyers intervene around this support level. However, Dogecoin’s ability to continue above this support level in the coming weeks will determine whether the cryptocurrency is I really arrived at the bottom For the rest of this course.
image From x: Trader tardigrade
The historical decline indicates a target of $ 2
In another analysisTRADER TARDIGRADE is a frequent pattern in which the price of Dogecoin tends to experience large declines more than 50 % after a strong multi -month gathering. However, these retreats were always accompanied by another strong recovery gathering, and Dogecoin reached the end to a new peak.
He noticed his analysis three main declines: the first witnessed a decrease of 59.76 %, the second decreased by 56.2 %, and the last decrease of 58.25 %. Based on this historical behavior, Tardigrade pointed out that the last correction It may be accompanied Another strong recovery.
Another recovery of such a recovery, Dogecoin amounted to 23,000 % to reach its highest level ever at $ 0.73. Hence, Tardigrade expects to reach a target target of $ 2.
image From x: Trader tardigrade
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The $ 2 price goal was a repeated prediction between the Dogoin encryption analysts. one A similar prediction came from DIMA Potts, who expected that Dogoin is preparing to target its highest levels between $ 1.50 and $ 2.10. Currently, the first step will be in favor of bullish Dogecoin to break more than $ 0.3.
Distinctive image from Mudrex, TradingView graph