Dogecoins price has fought to win back The level of $ 0.20, with the Meme coin in the last trading sessions under this important threshold. After a Short attempt to press higherDotecoin has consolidated almost 0.17 US dollars, which is an important level of support. According to the crypto analyst Ali Martinez, keeping this level could be the basis for a major rebound. Martinez announced his analysis on the Social Media platform X and said this if Dogecoin retains support With 0.17 US dollars, it could contribute to a strong rally towards 2.74 US dollars.
The price of Dogecoin must be transferred to the support of $ 0.17
The price campaign of Dogecoin in the past two weeks has been emphasized by a steady decline next to the rest of the cryptoma market. At this steady DOGECOIN price decline, he lost several support levels of $ 0.3, $ 0.25, $ 0.22 and finally $ 0.20. Since Dogecoin is now traded below 0.2 USD, the next remarkable level of support that can keep an eye on the eye is 0.17 USD, which could determine whether the long -term upward trend remains intact or is faced with a collapse.
This multi -year upward trend that has been available since 2017. was recently highlighted In a technical analysis on the social media platform X by Martinez. As shown in the following Price table from Dogecoin, the meme coin was traded within an upper trend line of all heights and a lower trend line of the bear market lows. The resulting upward trend area is divided into an upper and lower end by an average trend line.
The latest market dynamics and the decline have recorded Dogecoin on the way to repeat the lower trend line of this multi -year upward trend. The current market conditions lay this lower trend line by $ 0.17.
Picture From X: Ali_Charts
Kühner price goal of $ 2.74
The most optimal state for a bullish trend would be that Dogecoin bulls maintain the trade over $ 0.17. As long as the Meme coin is above this threshold, the wider upward structure remains intact and there is enough opportunities for a strong upward trend.
Martinez ‘analysis suggests that Dogecoin, if you maintain support at 0.17 USD It to new all -time highs. Remarkably, the analyst suggested that Dogecoin would be free to move to a goal with $ 2.74, which it was about its current all-time high of $ 0.7316.
Although this may sound courageous Current market conditionsThis destination is located on the middle trend line, which divides the upward port area into the same halves. The upper limit of this multi-year formation indicates an even more optimistic scenario with a possible long-term goal over $ 14.
At the time of the letter, Dotecoin acts with $ 0.1847 after it has declined by 3.15% in the last 24 hours. If Doge is not 0.17 US $ 0.14 or even lower.
Selected picture of Unsplash, Diagram from Tradingview
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