Analysts, Altcoin Dogcoin $0.011145He says that the symmetrical triangular formation in the critical position in the price chart tested the lower limit and approaches a significant level of support. Ali Martinez‘of according to the analysis This formation, which has been formed since the beginning of February, points to an important turning point for Doge. If the level of $ 0.168 is broken, Memecoin is expected to decrease by up to 30 percent and decrease to $ 0,093 or $ 0.093. Dogge is currently currently moving around $ 0.175, the sub -trend line of the symmetrical triangle and the significant 78.6 percent Fibonacci retreat level ($ 0,181).
Critical Support Level for Dogecoin: 0,168 dollars
The $ 0.168 level is considered a highly critical support point for technical analysts. Under this level Dog Coin is defined as a “space zone ğı where there is no significant support on the date of price. This region represents a price range where previous purchases are sparse.
If sellers Dogge priceIf it manages to undermine this critical support level, it is warned that the decline momentum may accelerate. Without sufficient buyer support, the price may fall without a significant resistance up to 0.13 to 0.12 dollars. Some analyzes indicate that in deeper decline scenarios, $ 0.093 and even $ 0.078 can come up.
If this support level is preserved, the hope of recovery for Doge will continue. However, even if this protection occurs, there are important obstacles in front of the upward movement.
Challenging obstacles to be overcome for ascension
In order for Doge to reverse the current decrease trend, first of all symmetrical triangle formationIt has to cross the upper limit. This upper limit has constantly limited the rise attempts of the price since February. It is not possible to start a significant bull market without a permanent exit on this obstacle.
The potential roadmap to be followed in the upward movement of the price stands out: $ 0.205 and $ 0.237. These levels are considered as critical thresholds that Dogge must overcome in order to establish a stronger level.
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.
