The most popular Memecoin in the crypto money market Dogcoin $0.326307 (Doge) fell below the short -term rise trend on Monday, risking the recovery since December. Technical analysis data reinforces the likelihood of the end of the five -month rise. Experts emphasize that the level of $ 0.26 should be followed as critical support, while the MACD indicator also gives a decrease signal.
Technical Indicators Alarm in Dogecoin
Dogecoin is faced with a harsh correction after a 500 percent rise between August and December 2024. The price increased the risk of trend change by decreasing 38.2 percent of the fibonacci withdrawal of this rise. According to technical analysis rules, the loss of this level may mean the end of the current rise trend.
The MACD histogram supports the bear market momentum with red bars deepening under the zero line. The downward course of the 5 and 10 -day moving averages indicates that the sellers seized control. All these data Doge Coinshows that the pressure pressure in the short term will continue.
Support levels and possible scenarios for Doge Coin
Analysts, Dog He says the first critical support for $ 0.26 (bottom level on December 20). In the event that this level is broken, withdrawal of 61.8 percent of the August-December rally can be seen to the Fibonacci level ($ 0.234). However, the price of the price drawn from the bottom level in December may invalidate this negative scenario.
Investors, Bitcoin 
$102,381.3He agrees that the volatility in the dog also has an impact on the dog. The fall of the risk appetite in global markets memecoinIt has directly affected speculative beings such as s. On the other hand, the price of positive explanations from names such as Elon Musk should not be ignored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
