Reason to trust
Editorial policy rejection that focuses on precision, relevance and impartiality
Created by experts in the sector and meticulously revised
The highest standards of reporting and publishing
Editorial policy rejection that focuses on precision, relevance and impartiality
Pretium leo et nisl alquam mollis measles. Quisque Arcu Lorem, ultricies quis pellesque nec, ullamcorper eu hate.
Este Artículo También Está available en español.
The Dogecoin price recently saw a great rebound, which brought it above the resistance of $ 0.23 during the weekend. This move upwards seems to have been supported since buyers have regained energy on the market in the last week. Despite the already remarkable event that the meme coin has recently enjoyed, the expectations remain that will continue to rise higher, with cryptographic analysts that include an explosive rally for Altcoin.
The price of dogecoin remains very bullish
The cryptocurrency analyst pseudonym MMBtrader on the tradingview website stressed that the dogecoin price remains highly bullish. The current pump will be expected to continue because Dogecoin has not yet affected any important resistance, thus putting it on a path to double.
Reading Reading
As the Crypto analyst points out, the dogecoin price could probably see a correction after recently increased. However, this should only be in the short term and, in fact, would raise the rally and act as a rebound point for further gatherings. This corruption could take place just less than $ 0.25. However, the analyst underlines that with the price of dogecoin is so bullish, it is possible that increases higher than this level before the correction occurs.
Currently, the only thing that holds the price of Dogecoin is the trend line described in red in the analyst’s graph. This acts as a decisive point for the meme currency, and a break above should push the price forward. In this case, the Crypto analyst provides that increases up to $ 0.4. In addition, they add that if it breaks over $ 0.4, it would signal an extremely bullish market, pushing the price of dogecoin to $ 0.75 and therefore $ 1.
On the other hand, however, the inability to break over the trend line could report the beginning of the bearish pressure. As the graph is shown, the first bearish arrest would be $ 0,13548. Further downward trends could therefore send it below $ 0.1 to $ 0.09024.
Reading Reading
Doge still shooting for $ 1
Another cryptocurrency analyst has also suggested that the dogecoin price could be directed towards the goal of $ 1. They explain that after the strong rebound of the support of $ 0.14, Dogecoin is now showing signs of a upward summary on the weekly period. This launches a wider network for the objectives for the price of the meme while the trend takes place.
From here, the Crypto analyst explains that if the price of Dogecoin can hold, the next main objective is $ 1. Because this happens, however, confirmation of the volume and the way the price behaves in the coming weeks are crucial. “Doge could only prepare for another historical race,” said the analyst.
First floor image from Dall.e, tradingView.com graphic