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Dogecoin (DOGE) has been in the direction of a short -term decline over the past two weeks, getting rid of 29 % of its value since it reached the highest local level on January 18. The Meme currency faced constant pressure for sale, reflecting the broader uncertainty in the market. However, this declining trend may approach its end as Dog is approaching the main demand levels that historically supported the price recovery.
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Senior analysts participated in a technical analysis of X, with highlighting that Dogecoin entrusted the height of the leg. According to Sing, Doge currently unifies the highest support level for one day with strong support in EMA for one day. This indicates a possible reflection with the start of purchasing purchase pressure at these critical levels.
If Dogecoin is able to keep this support and push it up, it may indicate a new gathering, as traders look forward to the next main resistance levels. A certain penetration is likely to pay the stage of monotheism this renewed bullish momentum and attract more investors to the market.
Dogecoin holds the highest high demand
Dogecoin is trading at the main demand level of about $ 0.32, and the next few days will be crucial in determining its short -term direction. Market morale is still volatile, as many analysts call for an additional decrease with uncertainty that controls the wider encryption market. The declining trend that started on January 18th is pressure on Doug, and traders closely monitor to see if it can keep its current levels or a decrease.
Despite the descending feelings, senior scientific analysts participated Technical analysis on x This indicates that Dogecoin may prepare for a huge crowd. According to Sing, Doge currently unifies one day support while there is also strong support in EMA 100 days. These levels were historically the main turning points of Dogecoin, and their ability to maintain can indicate that buyers return.
Science also indicated the presence of low support levels, as its lowest levels coincide at $ 0.262 with EMA for a day 200 days. These areas, according to Kali, provide good opportunities for immediate accumulation. It is still optimistic as long as Dog exceeds these levels, with a warning that the closure below 200 days from EMA will be the only only declining sign.
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Currently, Dogecoin is still at a pivotal point. If it maintains support and explodes higher, it can follow a strong march. However, if the price fails to maintain main levels, the additional downside may be on the horizon. Investors and merchants closely monitor whether this unification phase will turn into the next lead trend of DOGE.
Price procedure details: critical levels
Dogecoin is currently trading at $ 0.32 after it has faced days of selling pressure and negative market morale. Mimi’s currency has struggled to restore the upscale momentum since its sharp drop from the highest level on January 18 at $ 0.43. Now, a decisive level, the bulls must intervene to prevent more from the negative side.
![DOGE Opposition Test key Source: Dogeusdt scheme on TradingView](https://investorempires.com/wp-content/uploads/2025/01/Dogecoin-Is-Setting-For-A-Massive-Leg-Higher-–-Analyst.png)
In order for Doug to remain in a strong position, the price must be higher than $ 0.30. This psychological level was a major demand zone in the past, and its loss may lead to a more clear correction. If Bulls managed to maintain support at this level, the following main challenge will be recovered 0.35 dollars. The collapse over this resistance can rule the ups and pave the way for strong recovery.
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However, failure to defend the level of $ 0.30 can offer Dogecoin for more declines. In this case, the following main demand area is about $ 0.25, and it represents a 20 % decrease from the current levels. This level also coincides with EMA for one day, which was historically as strong support. If Dog falls to this extent, this is likely to increase accumulation, but at the present time, all eyes remain on her ability to seize $ 0.30.
Distinctive image from Dall-E, the tradingView graph
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