- Dogecoin returned to $ 0.1722 after the expanded down trend.
- Analysts define key purchase zones to $ 0.13548 and $ 0.09024.
- The long -term increasing channel dating back to 2014 continues to be intact.
Dgecoin (DEGE) has shown signs of recovery by providing a profit to reach $ 0.1722, despite significant decreases in the last 24 hours in the last 24 hours.
Market analysts closely monitor the price movements of the breast crypto currency, and several technical indicators show that Dogge can have more volatility before going upstairs.
A leading tradingView analyst emphasized Important levels of support levels that can determine Dogecoin’s close -term orbit. Recently, after a level of resistance, the analyst states that a re -test of the current price zone is necessary before any important rally was held.
Two major purchasing zones have been identified with Doge’s significant support: the primary green zone from $ 0.13548 and a secondary support area from $ 0.09024.
Dogecoin’s next key targets
If Dogecoin creates stability in any of these support levels, the analyst suggests that an important upward movement can follow and follow potential targets in the range of $ 0.30 to 0.40.
Such a movement will represent a potential price increase of up to 132.3% of the current levels. However, the same analyst said that larger market conditions remain challenging and that the sensitivity of the decline gradually concentrated, he could be “lower than the up edges”.
Meanwhile, the reputable analyst Ali Martinez provided a longer -term perspective to Dogecoin’s price action. Martinez focused on an important rising channel that appears in a logarithmic one -week graph, which dates back to 2014, and said that he has constantly respected the boundaries of this channel throughout Dogge. Currently, Dogecoin is testing the lower limit of this channel, which has previously provided strong dynamic support during large market corrections.
Martinez predicts that if the procurement pressure increases at this critical support level, Dogecoin may have an important rally towards the middle or upper range of the channel.
From the retreat perspective of the Fibonacci, he suggests that Doge may exceed $ 0.45 in the short term if the momentum occurs. If the more ambitious targets reach the medium line of the price channel, it contains a potential movement beyond $ 2,40, while the upper resistance is aligned with a $ 7 sign in the extremely rise scenario.
Dogge touched $ 0.47 in December 2024 before starting the current withdrawal. If the “stalk” part of this model is now successfully completed, it typically shows signs of consolidation that comes before a movement. In addition to this bull case, the analyst pointed to an AB = CD harmonic model, which proposes a potential target price of $ 0.88 if approved.
