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DOGECOIN and Meme currencies have achieved great success in recent weeks, with market fluctuations and total economic uncertainty in risk assets. After a sharp correction of the last heights, DOGE is now uniform in a narrow range ranging from $ 0.16 and $ 0.18. This region has become a decisive battlefield for bulls and bears alike, as investors await collapse or a clear collapse.
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For bulls, restoring levels exceeding $ 0.18 is necessary to start recovery and restore confidence in short -term assets expectations. If Doge is able to break this resistance, it may quickly build momentum towards higher price targets. However, twice the continuation of less than $ 0.16 can indicate a deeper correction in the future.
Despite recent conflicts, the data on the series draws a more optimistic picture. According to Santiment, the whales accumulated more than 120 million Doge last week, indicating that adult holders put a possible recovery. This increase in whale activity is often seen as a bullish sign, especially during monotheism. Whether it is possible to see Dogecoin take advantage of this support, but at the present time, the foundation is laid for collapse.
It enhances Dogecoin before the potential collapse
Dogecoin has been in a narrow unification range since March 11, trading between $ 0.16 and $ 0.18 with no clear outbreak on the horizon. This prolonged period of the movement of the aspects was left on the edge of the abyss, as the entire encryption market awaits a decisive catalyst for determining the next main direction. The conditions of the market remain very unconfirmed, driven by the universal instability of the macroeconomic economy, aggressive monetary policies, and ongoing commercial tensions. As a result, merchants are preparing to increase volatility.
Metal currencies such as Dogecoin are usually among the most volatile assets during both Taurus and Bear. In the bear markets, it tends to reach the most difficult because of its speculative nature and the lack of strong basics compared to large projects. With analysts dividing whether this is a correction within a larger bull cycle or the beginning of the full bear market, the next step for Dogecoin may be a pivotal.
Despite fear in the market, the scales indicate the series that adults may be in a higher position. According to the data shared by senior analysts Ali Martinez on xThe whales bought more than 120 million dusks last week alone. This accumulation by the main players can indicate the increasing confidence in a possible recovery, especially if Dogecoin can exceed the resistance area of $ 0.18.
Currently, the market continues to watch closely. The collapse of this range can lead to a quick step, either up or down, although the whale activity suggests that the bulls may prepare for control. Whether they are Dogecoin or declines will depend on the next step in the broader market – but all eyes are on the leader of Mimi.
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The price carries a major support, but it faces decisive resistance in front of us
Dogecoin is currently trading at $ 0.16 after several days of unification between $ 0.15 and resistance levels $ 0.17. This narrow range reflects the uncertainty that dominates the broader encryption market, with Meme currencies such as DOGE with low fluctuations and cautious commercial activity.
Despite the seizure of $ 0.15 – a critical support zone – support operations were unable to generate enough momentum to pay prices towards a level of $ 0.20. It is necessary to restore $ 0.20, as it may indicate the beginning of the recovery phase and may lead to upward feelings across the Dogecoin community. This level can be a launching platform for a new gathering, especially if the wider market conditions and BTC are settled up.
However, if DOGE fails to obtain $ 0.15 support, the risk of deeper correction increases significantly. The collapse of this level can send the price to low -order areas, which may experience $ 0.13 or even $ 0.12 in a more landfill scenario.
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Currently, the price remains linked in the range, but the pressure is built. The bulls must act soon to restore a higher ground, or the bears may control control and push Dog to deeper losses. The coming days will be decisive to determine the momentum in the short term.
Distinctive image from Dall-E, the tradingView graph
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