The technical analysis shows that Dogecoin wants to break out of you Key structure zone close to 0.26 US dollars, which can lead to a change in market dynamics. This technical outlook takes place in a Bärische Week for Dogy, in which it is subject to support levels and deletes its profits in January.
According to a technical analysis of the TradingView platform, Dotecoin is about to send it with further price increases.
Outbreak from the structural zone, Dogecoin, to rise over 0.33 US dollars
Krypto -Analyst Klejdi Cuni emphasized on TradingView This Dogecoin has moved beyond a robust structural zone, which theoretically opens the door for further pricing. According to the analysis, which is based on DOGE’s price campaign on the 4-hour candle period, the assets were consolidated in a robust zone between February 5 and February 10, before it finally broke out of the upper trend line of this zone.
Remarkably, this zone was created after the decline of the Meme Coin between February 1 and February 3 Interrupt at $ 0.22 For the first time since November 2024. This decline then followed a short recovery before Dogecoin finally settled and began with consolidation between $ 0.23 and $ 0.26.
According to the crypto analyst Klejdi Cuni, this consolidation zone was robust. At the time of his analysis, Dogecoin managed to break over the upper trend line of this robust zone, and the analyst noticed that he looked solid and a breakout could be next.
However, Cuni warned there immediately follow With strong dynamics. He pointed out that a temporary break is possible because investors are waiting for the certificate of the Federal Reserve Chairman Jerome Powell, which could influence a broader market mood before dotecoins next potential move.
Short -term price goals and what has to happen next
The analyst identified the price targets at $ 0.286, $ 0.311 and $ 0.335 after the outbreak has been confirmed. The stage will open the stage for a further strong step over 0.335 US dollars. However, if you look at this, however, you are short -term price goals For Dogecoin in the light of a bearish price campaign in the past two weeks. Dogy had already acted about these price goals last month, but this is now the reality. Given the decline Since the beginning of February.
Despite the lack of immediate bullish dynamics, Dotecoin is not a full bear market. Many investors Are on standby And looking for signs of another strength before moving.
Long -term bullish goals, including the Afared $ 2 levels, are still in the game as long as Dogecoin can be the strong level of support of $ 0.2.
At the time of writing, Doge is $ 0.2536, which has dropped by 5.3% in the past 24 hours.
Selected picture of iStock, diagram of tradingview.com