The Dotecoin Prize tests the 200-exponential moving average (EMA) again. At the same time, buyers try to browse resistance levels and fill them Chicago Mercantile Exchange (CME) gap. This confluence of technical indicators has prompted a crypto analyst to monitor the next Dotecoin price campaign exactly, with potential scenarios pointing out this bullish and bear results.
Battle of the 200 EMA: Dogecoin course goal $ 0.32 $
In a recently carried out Dogecoin analysis, a trading view -crypto -analyst that was identified as a “Swallowacademy” Price projects for the Doge PrizeA bullish goal of 0.32 US dollars and a bearish decline to $ 0.19. Share a Video analysis The analyst revealed his prediction that the Dotecoin price campaign In the daily time frame, a struggle between buyers and sellers around 200 EMA shows.
Dogecoin is currently testing the price of 200 EMA with a price level of $ 0.26. This repetition test occurred after the Meme coin had a broken zone between 0.20 and 0.21 USD slightly retouched. While the 200 EMA acts as a dynamic level of support or resistance to Doge, its current position seems to hold back the price.
The tradingview expert also underlines the presence of a CME gap that still has to be filled. A successful violation of the 200 EMA could trigger a Printing the purchase pressurePotentially the price of the Meme coin to achieve new goals and close this gap.
The 200 EMA has geared towards the framework for daily and hourly time, which increases the probability of A Possible outbreak From the level of $ 0.26. If bulls can spend enough dynamics to break this important support zone, the analyst projects a push to $ 0.327 and marks an increase in the Doge price by 21.1%.
The TradingView analyst stated that retailers should monitor the Dotecoin price before reaching this goal what A suggests Take the profit zone In the daily time frame at 0.3 US dollars.
Doge Bearish scenario: Do you fall off on the lower levels?
The TradingView expert has added more complexity to his Dogecoin price analysis and has highlighted A. Potential Bärisches scenario for Dogecoin If the 200 EMA cannot break it. The recent downturn of the Doge Prize has triggered a massive sales pressure. As a result, the analyst suggests this if Sellers regain dominance The support zone cannot occur on the market and in the Meme coin, then a decline in lower values can occur.
He predicts that the Dotecoin price, which is currently being traded at $ 0.25, would decrease to $ 0.19, which corresponds to a decrease of 25%. A decline in this level would be devastating for investors, as Dogecoin has already experienced Several price accidents In the past few weeks. At the same time, it could also be a first -class entry point for investors to buy deep.
With the potential for both an upward and disadvantages of the Doge Prize, the Tradingview -Analyst advises dealers to carefully observe the market and to remain careful when creating their entry and exit strategies.
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