Technical analysis shows that Dogecoin looks forward to getting out of A. The main structure area Near $ 0.26, which may cause a change in the market momentum. This technical view comes amid a declining week for DOGE, which witnessed the division of support levels below support levels and erasing its gains throughout January.
According to the technical analysis of the Tradingvief platform, Dogecoin is about to get out of a strong style that can send it with other price increases.
The outbreak of the structure area, Dogecoin to rise above $ 0.33
Klejdi Cuni TradingView was highlighted This Dogecoin has exceeded a strong structure area, which in theory opens the door to achieve more prices. According to the analysis, which depends on the DOGE prices on the time frame for 4 hours, the original was unified in a strong area between February 5 and February 10 before the end of the upper direction line of this region.
It is worth noting that this region arose after the decrease in the Mimi currency between February 1 and February, which he saw Break less than $ 0.22 For the first time since November 2024, then this decline followed a brief recovery before Dogecoin settled at the end and began to integrate between $ 0.23 and $ 0.26.
According to the Crypto Klejdi Cuni analyst, this monotheism area was strong. At the time of his analysis, Dogecoin managed to break the top of the upper direction line of this powerful area, where the analyst indicated that it seems solid and may be the next penetration.
However, Cuni warned that although Dogecoin has violated this main level, the penetration may not be Immediately follow up With a strong upward momentum. He pointed out that it is temporarily stopped as investors are waiting for the certificate from the Federal Reserve Chairman, Jerome Powell, which may affect the morale of the broader market before the next potential step for Dogecoin.
Short -term price goals and what should happen after that
The analyst set the price goals at 0.286 dollars, $ 0.311, and $ 0.335 after the penetration confirmation. Breaking these goals in the fast caliphate will open the stage for another strong step above $ 0.335. However, looking at these, they are Short -term price goals For Dogecoin in light of a declining price in the past two weeks. Dog was already circulated over these price goals during the past month, but this is the reality now, Looking at the decline Since the beginning of February.
Despite the lack of immediate bullish momentum, Dogecoin did not enter the full bear market. Many investors They are in preparation And watch the signs of renewable strength before moving it.
Long -term upward goals, including The level of $ 2 is a large scale, Still playing as long as Dogecoin can prove the level of strong support at $ 0.2.
At the time of this report, DOGE is traded at $ 0.2536, a decrease of 5.3 % over the past 24 hours.
Distinctive image from Istock, Chart from TradingView.com
Comments are closed, but trackbacks and pingbacks are open.