PRICE DOGECOIN was one of the most difficult blows during the last market withdrawals, and this comes even because the bitcoin price is sitting near its highest new levels ever. To date, the price of Dogecoin has already decreased below the support of $ 0.2, indicating that the bears have returned to control again. This puts the Mimi currency in risky mode, with a major support level in mind that it must carry or risk a tremendous stumbling.
Dogecoin price is still optimistic over the direction line and support block
Lingrop specific Where the price of Dogecoin is currently sitting and the levels that are Determine the factors for the Mimi coin now. Currently, the withdrawal appears to be the result of ABC’s decline. However, this withdrawal appears to lose steam, especially since the bears paid the price below $ 0.2.
Lingrop explains that the price of Dogecoin is still optimistic despite this withdrawal, especially since Altcoin has put the lowest level in the support of the canal. The $ 0.188-0.190 dollar area is still important, and as long as this level is maintained, there is still a budget support for the Mimi currency. In addition, Lingrop also said that the Dogecoin structure is still optimistic that the price is still higher than the trend and support line.
The main thing is now for buyers to restore control of the sellers until the climb continues. In this case, I opened a few areas of purchase between $ 0.187 and $ 0.19, and the price of Dogecoin is the right savage in the middle of this. Bulls only needs to restore $ 0.195 with a bullish confirmation until this is complete, then shooting for $ 0.215.
However, there is still a risk of eliminating this ascension if it is Dogecoin price collapses Less than a higher decrease. If it is less than $ 0.187, the encryption analyst says this is a sale signal. It is expected to delay the monotheism of less than $ 0.195, and the low price of bitcoin may weaken the entire structure.
Dog still shows strong support
Another encryption analyst, Stanley Crypto, showed that a lot of support is still escalating on the price of Dogoin. Just like Lingeride, Stanley Assumptions That $ 0.18 and $ 0.19 Important levels of Mimi currency to keep it. This is the most powerful support zone now as the price has been settled.
This means that the bulls must maintain this level if there is any continuation of the upscale movement. Stanley concluded that “the preparation indicates a potential upward trend with its highest levels, but the collapse below may cause this step.”
Distinctive image from Dall.e, Chart from TradingView.com
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