As Monday approaching its end, the General Crypto Market witnessed a slight decline in the bullish momentum, which causes DokwinThe price of the decrease for a short period to the support level of $ 0.174. Despite the short decline, optimism within the sector remains towards the performance of the future Doug, as many of the short -term encryption analysts expect.
The main level should be recovered to pay up
Dogecoin may have suffered a brief recovery, but the general image draws a more important upward performance in front of dogs with dogs’ title The same angle. However, Dog should overcome the main resistance levels to supply this huge gathering.
In his last joint analysis on the X platform, Ali Martinez, a technical expert on the series, Propagate A possible collection for Dogecoin to its highest level ever at $ 0.74. While the analyst expects a great difficulty in the price, he emphasized a decisive side of the trip to the peak.
Looking at its scheme, the M -currency is circulated within an emerging parallel channel. Also, DOGE now faces a decisive test at the main price level that can determine whether the current gathering has a sufficient force to continue. Interestingly, this region had previously worked as a A starting point to the previous nailsAs shown in late 2024 and Q1 of 2025.
As the bullish trend continues, Ali Martinez pointed to a mark of $ 0.20 as the next main area on the Dog Road to restore its highest level ever. If the MEME coin is able to close a monthly resistance of $ 0.20, the expert believes that it may determine the way for the expected gathering to $ 0.74, and it is placed at the 1.0 Vibonacci level.
Moreover, a break above this level indicates strong Gallery momentum It may attract the attention of more investors. It is possible that this rise in investor interest will play a decisive role in increasing impending prices.
However, if Dog fails to break the area and restore it, the continuous upward trend may be at risk of a sharp decline. In the case of a Sharp withdrawalThe next decisive support level is located at a price sign of $ 0.065.
DOGE is the lowest level at 0.382 Macro Fibonacci
Defense in the current Action Price, Kevin Capital, an analyst for encryption, open Dogecoin has created what appears to be low at the exact level that has been observed over the past few months at Macro 0.382 Fibonacci and total retreat lines.
The expert also highlighted that the weekly relativity index (RSI) reached the exact level as it was dipped in the lowest point in the bear market. However, every time the price reaches this level, prices tend to rise, indicating an increase in long -term strength in the first place.
Dodge It suffers from the RSI Cross, which is certain on the weekly timetable, while the certain cross in the time frame for two weeks is still suspended. The risk reward rate was great because there was little from the negative side and a large gain. While the analyst points to a possible decline, the total trend is still trying to change.
Distinctive image from Getty Images, Chart from TradingView.com
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The post Dogecoin’s Journey To Its Current Peak Hinges On This Pivotal Price Level first appeared on Investorempires.com.
