The price campaign of Dogecoin was Under intensive pressure After another support level at 0.175 US dollars, this did not lead to a decline in a decisive zone. The most recent daily candle closed after a back rash of 0.143 US dollars with a lower one can still be more volatility.
Despite a temporary back rash in the last 24 hours of $ 0.143, there is another risk of further downturn. Remarkably, the Crypto Analyst Trader Tarderrade found in an analysis that even more work for the reversal of Dogecoin Prize must be carried out.
Prices at 0.143 USD: temporary back rush or weak relaxation?
Crypto -analyst Dealer Tardergrade emphasized The interaction of Dogecoin with the support level of $ 0.143 and found that the daily candle formed a lower wick at 0.14297 USD. This development suggests that buyers have entered this price level to prevent more breakdowns. However, Tartigrade warned that this price resignation alone is not a confirmation of continuing recovery. The market could continue to see further tests of this level, possibly with a possible short breakdown before a meaningful upward trend can take place.
The latest decline follows an earlier warning of Tarderrade, which had identified $ 0.143 and $ 0.128 as a reverse level after Dogecoin was under 0.175. As soon as this support was lost, the sellers obtained control and pushed the price down. Although Dogecoin has initially managed to keep 0.143 US dollars, the market mood in the Fear Zone remains fragile, and it must still be clear whether the recent leap has enough strength to lead to a reversal or whether more disadvantages are progressing in the coming days.
More Dogecoin price manipulation before a real reversal?
Dogecoin has been caught in a continuing downward trend in the past two weeks and reflects the Wider weakness through The cryptoma market. This persistent decline has caused the leading Meme coin coin to lose several important support levels in a quick consequence and extinguished most of its pricing in the last quarter of 2024.
Investors are Roll back In their investments in Dogy, it became known as a choice for retail investors compared to Bitcoin and other cryptocurrencies with wholesale market caps. According to information on chains, data, Investor feeling around Dogecoin is in over a year in a most negative level of -0.93.
The analysis of Tarderrade indicates that Dogecoin can experience price manipulation in the form of a short slump below 0.143 US dollars below $ 0.143. “The price premium is only the first early sign of a reversal. We still have to monitor the price campaign, ”he said.
This outlook is similar to that of another crypto analyz Who noticed this Dogecoin Could only reach $ 0.12 in the current downward trend before they underwent a larger bullish reversal.
At the time of the letter, Doge acts with $ 0.1702 and fluctuates between $ 0.1624 and $ 0.1726 in the last 24 hours.
Selected picture of iStock, diagram of tradingview.com
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