Crypto Analyst Tradingshot has identified a pattern in Doge’s diagram, which shows why a springboard over 0.3 USD is expected Dotecoin price. This offers a certain optimism in terms of the most important coin coin, which was most affected by the recent downward trend on the cryptom market.
The formation of ‘Channel Down’ shows why the price for dotecoin could jump over $ 0.3
In A TradingView contributionTradingshot emphasized a “channel -down” formation that showed that the Dogecoin price could bounce over 0.3 USD. The analyst explained that Doge acts within a 2-month channel that can be on the wider scale A Bull For this bull cycle. He added that the price of Doge was sold aggressively regardless of the time frame and reached its 200-day average (MA) for the first time since October 25, 2024.
On the other hand, Tradingshot noticed that if this pattern is only a 1-day channel, the low low point that the Dotecoin price recorded on Monday is technically on the lower trend lines of the pattern. He found that the previous one, which was recorded on December 20, 2024 Fibonacci retracement level.
In accordance with Doge in Overal Territory, the crypto analyst claimed that it expects the new bullish leg for the price of Dogecoin to $ 0.3800 just below the level of 0.786 fib. This offers a certain optimism in relation Cryptoma market Over the weekend.
The Dotecoin Prize has now recovered after the break for tariffs from the USA, Mexico and Canada. However, the leading Meme coin remains below the psychological price level of $ 0.30. A springboard above this price level could resume the bullish territory and lead to a continuation of its bull run.
Doge should start your next leg soon
In an X -Post, Crypto Analyst Kevin Capital explained that the price for Dogecoin should start the next stage of his bull run early enough. This happened when he believed that Doge had just completed the second main correction of his bull cycle. The analyst found that this price campaign is very similar to the last cycle, even if the percentage has decreased.
Kevin Capital claimed when everything fits well Bitcoin priceThe price for Dogecoin should start your next leg soon. The crypto analyst dealer Tarder, Tarderrade, announced that Dotecoins MacD signal a bullish crossover in the 4-hour table. He added that Doge gains dynamics upwards and could turn back into a bull run.
At the time of the letter, the price of Dotecoin is around 0.26 USD, which has increased by over 13% in the last 24 hours Data From coinmarketcap.
Selected picture of Adobe Stock, diagram of tradingview.com