Main notes
- Ali Martinez said that Dukwin (Doug) formed an ascending triangle on the watch chart.
- The triangle contains a bullish goal of $ 0.208 and a declining goal of $ 0.146.
- Mon Show, Karl Moon, expected a 150 % increase for Doge in the near future.
Dogecoin (Doge) is currently trading about $ 0.1723, with no significant gains or losses within the past 24 hours. However, Ali Martinez, a prominent encryption analyst, participated in the watch, with a highlight of a unification scale between $ 0.16 and $ 0.18.
Martinez stated that the final closure outside this range can lead to a 16 % move, indicating a possible DOGE scenario.
Dogecoin Triangle ascending
According to the Martinez studio, Dogecoin has a classic ascending triangle – a pattern that is formed when the price makes the price higher to its lowest level while facing the resistance at a horizontal level. In this graph, the horizontal resistance is about $ 0.177 while the trend line works to the highest level as support.
The collapse above this level may pay Dogecoin about $ 0.208, and it is calculated by adding a triangle height ($ 0.031) to the penetration point. If the price fails to collapse and decrease subsidies, it may decrease to $ 0.146 or less.
On the daily pricing chart, the largest Mimi currency formed a falling scent since mid -November. Fallen wedge is a bullish reflection pattern, as collapse usually occurs to the upward trend, indicating a strong gathering.
Moon Show, Karl Moon, set a bold goal of $ 0.434, an increase of 150 % over the current price level.
Meanwhile, Bollinger Bands offered that Doge is currently trading near the medium range (SMA about $ 0.18). If the price exceeds this level, it may confirm a shift in the upper.
On the other hand, the relative strength index currently hovers about 52 years, indicating increased purchase pressure. The main resistance levels for watching are $ 0.18 and $ 0.20. If Dog is able to keep the outbreak over $ 0.18, this may pay $ 0.25 and beyond.
The code also records immediate support of $ 0.16, with stronger support at $ 0.14. Less breakdown than these levels can indicate a declining pressure.
Praij Price to $ 1?
Interestingly, encryption analyst Andrew Griffiths indicated that Dukwin has successfully held over the Main one month this month. Historically, Dog followed similar courses, despite this time with decreased fluctuations due to a more mature market.
Moreover, the RSI Relative Index indicates that the distinctive symbol is currently present at the bottom of the final decline of the bull cycle. Griffiths expected a possible rise to one dollar by the end of the year.
It is important to note that despite the continuous stagnation of the Meme Coin market, DOGE records a 30 % profit in its value last year. However, the distinctive symbol still decreases by 76 % from its peak of $ 0.7376, which was achieved in May 2021, as it shows Coinmarketca data.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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