The new technical analysis indicates that the current assembly of Dogecoin Maybe you still have room for growth. According to the Crypto Kevin analyst, the levels of historical risk that are usually the peaks of a cycle are not anywhere near the Dogoin flash.
The analysis of the plans for the historical risk levels of Dogecoin shows that the MG currency is still sitting Like the mid -cycle stage, The type of feverish price procedures that precede exhaustion has not yet appeared.
The levels of historical risks Dogecoin indicate more upward trend
Kevin Last post on The social media platform X has offered the historical risk levels of Dogecoin in a color -coded color scheme between 0 and 1, with 0 it is less dangerous and 1 is the highest danger. The graph, which covers many courses dating back to 2014, shows moments when the risks were at the maximum levels and prices were almost exhausted.
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The periods of exhaustion are classified in the high market in warm colors, with red is the highest. For example, the highest level in Dogecoin was ever classified in 2021 with a red risk level. On the other hand, these low activities in the market are classified in cold colors, although deep blue is the lowest level of activity.
The current reading of 0.52 is far from the red danger areas, which are historically in line with the bombing peaks. Instead, Dogecoin is currently in what Kevin describes as the mid -session state. This evaluation is alignment With the latest price movement, This indicates that Dogecoin now holds more than 0.25 dollars after the unification of last week between $ 0.22 and $ 0.23.
The biggest step from Dukewin is still in the future?
With the latest Dogecoin risk level that sits at about 0.52, this indicates that Dogecoin has not yet entered the type of frenzy that determines the last stage of the cycle. Therefore, this means that a king Meme Coin still has a lot of gatherings To play, there is the possibility of drawing a road to a new rise at all if the conditions of the encryption market Provide the right background. We did not have this type of price procedure after this course.
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Kevin’s latest update depends on the notes Made earlier in AugustHe pointed to the importance of the monthly crosses in RSI during the bull market environments. Whenever Dogecoin records such crosses outside the bear markets, the result is a huge gathering. At that time, the RSI Stoch climbed from level 13, and this is associated with weak momentum turned into strength.
At the time of writing this report, Dogecoin is traded at $ 0.2554, which means that it rises by 12.5 % in the past 24 hours. Looking at the current preparation and The possibility of a spot Dogecoin Etf hit the US market soon, it is reasonable to expect Dogecoin to climb much higher before entering the feverish lands. In this case, hit the level of $ 1 price It is not possible.
Distinctive image from Getty Images, Chart from TradingView.com
The post Historical Risk Levels Say Dogecoin Price Has Not Topped Yet, More Upside Coming? first appeared on Investorempires.com.
