Crypto analyst Bitguru announced that the price of Dogecoin sweeps only a key support level. Black Monday accident. Based on this, the analyst predicted what could happen later and said why the most prominent Memorial Mammalion could re -test $ 0.2 again.
Dogecoin Price re -test the key support after a black Monday accident
One X postBitguru said that the price of Dogecoin swells only close to $ 0.143 and showed signs of ascension from the extremely sold area. Analyst, targets $ 0.16, $ 0.18 and one $ 0.205 possible re -test Momentum occurs for the leading breast mine.
The price of Dogecoin fell to this key support after Black Monday accident, led by Bitcoin on April 7. Fell below $ 75,000 day. Given the strong positive correlation between the two beings, Dogge also fell from $ 0.17 to $ 0.14, and witnessed an important accident.
Indeed, the price of Dogecoin can soon witness a rise. Bitcoin Price recoveredTouch 80,000 dollars on April 8. A continuous tendency for the flagship crypto will also lead to a reversal for Dogge, which can touch psychological $ 0.2, as Bitguru predicted.
However, from the macro perspective, the price of Dogecoin is not yet clear and this bull’s reversal may be obstacles. Donald Trump threatened to apply 50% more tariffs to China and promised retaliation if China fulfills the threat of US President.
Trump’s Tariffs It is the thing that causes the price of Dogecoin and other crypto beings to collapse in the first place, and this will probably continue to damage these beings.
Dogge, rise
Crypto Analyst Kevin Capital He showed that the price of Dogecoin constitutes a “clean” rise deviation within the daily time. He claimed that this was something to stand out, since it could determine the orbit of the most prominent MEM money.
In the meantime, Kevin Capital also said that the price of Dogecoin fell again to test. Taurus Market Structure “Lines in the sand.” Although it was broken under the structure, the daily candle healed and closed a little above this support level.
This ascension market structure is important for about $ 0.14, because a decrease below this level can mark the end of Doge’s Bull Run. Crypto Analyst Master Kenobi warned that Dogecoin Price could not lose its support trend line from $ 0.14, which showed that the breast medallion would enter a bear market.
During the writing, the Dogecoin price is traded at $ 0.15 over 5% in the last 24 hours. data From CoinMarketcap.
The prominent picture from Adobe Stock, graphics from tradingView.com
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