From giant Altcoins Dogcoin $0.26485 (Doge) was influenced by the decline in the market in the last two weeks. Popular Memecoin, which has a market value of $ 38.4 billion, fell to $ 0.26 on Thursday. Due to the high -volume sales pressure, the price of Dogecoin fell over 25 percent. However, technical analysis shows that this decline can offer an opportunity to recover.
Dogecoin Price Analysis, Comment
Dgecoin has been in a trend of a decline since the $ 0.48 level, which it reached in December 2024. However, the price graph points to the bull formation by creating the ABC correction model.
In the last wave of decrease, decreasing to $ 0.20 level DogAt this point, he found a powerful support. This support level shows that a movement -like movement in the middle of December can be triggered. In addition, the daily RSI indicator has been watching in the over -selling zone for the last week.
Experts are expected to start a upward movement in the coming period.
Whales are collecting doge coins
According to the internal data, the wallet addresses, which hold 10 million to 100 million units, purchased 750 million doge in the last correction. This group holds a total of 23.2 billion pieces.
However, the 47th US President Donald Trump, which was initiated on the Solana network, Trump Coin It created a new mobility in the sector. Trump’s move continues to maintain its power in the long run by the adoption of paycoin as a payment method by miners and companies while moving the Memecoin market.
Dogecoin PriceIn order to reach $ 0.48, there must be a recovery throughout the market. Investors carefully follow the critical levels that will determine the direction of Dogge in the coming weeks.
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.
