Since the beginning of this year, DokwinThe largest Mimi currency was riding the dumping wave, as it decreased from the highest annual level from $ 0.48 to a low of up to $ 0.15. The continuous descent of Dog is a testimony to the very volatile nature of the cryptocurrency market. However, this significant decrease may be about to approach its end as analysts define developments that indicate a possible price reflection.
Dog's possibility continues to recover a great height
After a A long struggle to undergo a gatheringDogecoin may be preparing for an upward movement. The procedure shows the last prices for Dogecoin that the mem -head coin has signs of stability as many indicators indicate a possible reflection of prices.
In the X Publishing (formerly on Twitter), Ali Martinez, a technical analyst and an analyst on the series, Propagate High Dodge short term. Analyst hinges expect the main momentum signals such as the ROSI (RSI), which has begun to turn positively during continuous volatility.
The RSI stock index, which turns into positively within the conditions of the Haboodi market, indicates an increase in the upscale momentum. As a result, Ali Martinez believes that the meme can prepare for the main apostasy towards higher levels.
Washing gathering with dogecoin prices
Market expert and investor dealers Tardigrade also subscriber An analysis that hints to a possible gathering, with the possibility that Doug has reached below. Its prediction raised optimism towards Dogecoin, where technical indicators indicate Support levels.
When going into Dog's prices in the monthly time frame, Trader Tardigrade indicated the formation of a huge Macro channel. The total channel is a technical formation that describes a long -term trend in which the original fluctuates between the parallel trend lines, indicating a possible unification or a fixed price.
Doug seems to have been following this huge planned style since The same angle It was presented in the world of cryptocurrencies at all. While Doge followed the macro canal style, deviations usually appeared on the edges of the channel.
However, if the doge remains inside the macro canal without deviating this time, this may mean that the bottom has been reached. With the arrival of Dogecoin to the bottom, Trader Tardigrade is sure that the huge upholstery will follow it.
Looking at the graph, the expert expects the next gathering to reach 4 dollars and beyond, on the occasion of a New ever for Mimi currency Perhaps the best market cycle that runs the bull at all. When Dog faces a bullish trend, it indicates the start of a renewable price stage and confirming the current downward trend.
At the time of writing this report, Doug was trading at $ 0.16, indicating approximately 24 % decrease by 2 %. Investors feelings It has become declining, as shown by a decrease of more than 12 % in the trading volume last day.
Distinctive image from Istock, Chart from TradingView.com
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