Moein Haddadian, a trading view crypto analyst, has unveiled a new one Dotecoin price forecastWhich indicates that there is an outbreak on the horizon. The analyst emphasizes important resistance levels that have to be experienced in front of the popular meme coins Price restoration Above the 0.3 dollar threshold.
Dogecoin Price is available on the way to recovery resistance
Dotecoin has difficulties Trade within a clear downward trend For months. However, the most recent price campaign by the Meme Coin indicates that the current dynamic can be Change from Bärisch to optimistic.
According to Haddadian’s Dogecoin -Chart -Analysis, the Meme -coin has recently gone over A descending trend linesignals that sellers may lose control. The analyst emphasizes the price of $ 0.25 as a critical level of resistance for Doge, which indicates that a Confirmed outbreak Above this point is of crucial importance for bulls to determine a dominance and to consolidate a bullish trend.
If Bullen manage to exceed the price beyond the level of resistance and maintain the outbreak, Haddadian expects Doge to increase its next target of $ 0.334 US dollars. This price level corresponds to an earlier supply/resistance zone, which is highlighted by the larger gray area in the analyst price diagram.
While an upward trend for Doge remains an option, the trading view analyst shows that this is predicted rally can only occur if certain conditions are met. Dogecoins Support level of 0.16 US dollars plays an important role in its current bullish structure And his ability to achieve the goal of $ 0.334.
Haddadian explains that if the Meme coin does not last above it Support levelThe projected bullish scenario could become invalid and it The price can continue to sink Compared to $ 0.122 or 0.113. Based on the analyst diagram, the ideal setup for continuing recovery for Dogecoin would be to experience a short stay Consolidation Over 0.205 USD in front of a Breakout rally.
As soon as Dogecoin crosses its previous level of resistance between 0.30 and 0.334 US dollars, Haddadian predicts that the Meme could leap up at a price from $ 0.484. On the other hand, breakdown under the support level could increase the price of $ 0.08 $ 0.113 and completely cancel the optimistic prospects of the analyst.
Doge to enter a new bullish phase
The crypto analyst Ali Martinez has divided A price diagram with A Super trend indicatorWhich indicates that Doge will start shortly before his next bullish phase. The gray-shaded area in the table represents the super trend resistance zone at $ 0.21, which dogecoin has stayed below during the entire downward trend.
Martinez predicts with its price at 0.19 US Dogecoins price campaign optimistic. On the other hand, the failure to break this key level can lead to a continuing bear or side movement.
Selected picture of iStock, diagram of tradingview.com
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