So far, Dogecoin has hit waves in this bull market. Recently the Meme coin experienced a significant price -crash After the recording of double -digit profits and the meeting to new highs at the beginning of this year. Despite the falling dynamics of cryptocurrency, an experienced crypto analyst has highlighted strategic entry points and Possible upward trend destinations for Doge. The analyst also provided thorough breakdown of the bullish developments by Dotecoin for investors who consider buying the Meme coin.
Analyst shares Dogcoin bullish developments and purchase strategy
In a recent X (formerly Twitter) post On February 4, the crypto analyst bessa shared a technical analysis of Dogecoins price movements And bullish developments. The analyst announced that he had entered the market at an early stage of $ 0.09. He claimed that it was the best starting point because he had caught one Local soil.
After the entry of 0.09 US dollars, the asset experienced A Bullish Breakout5 -fold and sudden on the key resistance at the level of 0.786 fibonacci. This key level is typically used to identify potential price reversal zones. In this case, however, it marked the beginning of a “relapse” for Dogecoin.
After his sharp 5 -time rally, Dogecoins has entered into a relapse phase. This means that it is The price is corrected now Test earlier support levels again. According to the data from Coinmarketcap, Dogge has fell by astonishing 20.1%in the past seven days. This massive price correction is one of the highest in 2025. In addition ,,,, Dogecoins value Over 30% overturned last month.
BESSA presents a price card and has set the price of 0.26 US dollars as a critical area in which Dogecoin could find potential support before continuing its upward dynamics. Interestingly, this important support level is also right Dogecoins ascending channel Resistance that the dealer predicts can occur.
BESSA announced an optimistic outlook for the meme coin that Doge/BTC is currently testing a outbreak of a long-term Falling wedge pattern in the wedding frame (HTF). This pattern is typically regarded as a historically optimistic structure and signals a potential Price reversal on the head.
Bessa has predicted that a bullish sequence is expected in this falling wedge outbreak, which may lead to A New all -time high For Dogecoin. The analyst has set its Doge AT target over the 1.00 Fibonacci level to $ 0.77. He also noticed that bullish catalysts like Elon Musks tweets about Doge Have no effect on the price campaign of the Meme Coin in this current market phase.
Is now a good time to buy Doge?
Based on the analysis of Bessa, the latest prize campaign of Dogecoin with classic bullish patterns, which indicates this Possibility. If the support fulfills, the analyst expects Doge to experience another leg and possibly reach a new ATH.
The market stays volatile like never before And investors should see that most predictions are purely speculative. As such price movements from unstable assets such as Dotecoin can be unpredictableDriven by hype, social media trends, public mood and sudden market changes.
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