Dogecoin flashing early signs of bullish recovery after finding a foot from a decline recently, according to the technical notes that Crypto Trader BitGuru shares on the social media platform x. I saw heavy fluctuations In recent weeks, but the new support on a level of $ 0.155 can be determined Another leg stage. According to the analyst, the current price structure indicates that Dogecoin can prepare to move about $ 0.17, as long as this support continues.
Support carries after the decline, as the market tries to restore momentum
Includes the joint graph by bitgaru analysis Dogecoin prices since March 2025 on the time frame for 4 hours. In particular, the graph shows the price of the Meme Coin tracks a familiar style: a preliminary landing trend of $ 0.22 at the beginning of the month, followed by uniformity between $ 0.16 and $ 0.17 in the middle of the month, and a sharp raised raising near 0.21 dollars.
However, the price has since declined to $ 0.16, and now the focus is on whether this correction has formed a healthy base to continue. The health base is about $ 0.155, which proves to be a strong field of support, as Dogecoin has managed to apostasy this level several times.
This monotheistic area corresponds to between $ 0.16 and $ 0.17 with a previous outbiting area in late 2024, which enhances its technical importance. Moreover, the withdrawal is about $ 0.155 in an area that was previously resistant, but it was actually converted into a support level.
The bullish price structure can cause Dogecoin about $ 0.17
BitGuru's monitoring focuses on the belief that the price is subject to a bullish decline to create a level of support instead of a complete reflection. If it is $ 0.155 Support remains intact, The market can resume climbing $ 0.17 as a first major goal. This level coincides with a simple resistance bar formed during the previous leg and is now the following logical challenge of bulls.
The general style appears to be a round reintegration curve, which often precedes another batch if the market morale remains favorable. Interestingly, the collapse above $ 0.17 can open the door to Re -test Zone 0.18 dollars to $ 0.20 before the end of the month. However, if Dogecoin fails to gain traction and decrease without support, The ascension scenario will collapseIt may lead to another declining scenario.
Dogoin is likely to see the Dogoin scenario Check the support at $ 0.155 If there is a lot of sale pressure. In this case, the Meme currency may open a free decrease of about $ 0.13 and $ 0.11 in the worst cases scenario. Such a step will mainly wipe all the prices of DogCoin price since October 2024.
Distinctive image from Unsplash, Chart from TradingView.com
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