Dogecoin $0.094327 (DOGE) is the largest altcoin by market value and the support test was successful. It was already impossible for this not to happen after the rapid losses in the BTC price. We mentioned in the past days that a new test could come to $ 0.093. Now, while BTC is trying to hold on above $ 54,000, the fluctuation is not over. So what are the current predictions of different analysts for DOGE?
Dogecoin (DOGE) Analyst Comments
First in line is Crypto Tony, a well-known analyst in crypto. These days BTC Although the fluctuations experienced by the price make the predictions meaningless, it can be useful to look at the price levels he cares about. The analyst, who marks the important support and resistance levels in the chart he shared below, defines $0.11 as the key area that needs to be recovered. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“I think $0.11 is the level to wait for a cautious entry with solid feet.”
If the sales continue, the decline may deepen to $0.074 and then $0.056. The level above which the rally will accelerate is $0.14. Above this zone, new peaks between $0.22 and $0.3 may be targeted.
In this environment where even new meme coins have difficulty attracting volume and altcoin investors are in dire straits, can DOGE reclaim $0.11? It doesn’t seem like a very reasonable scenario in the short term. However, BTC These will be the levels that investors who have whetted their appetite for DOGE will have memorized when it starts to come back.
Key Levels for DOGE
Second cryptocurrency analyst TraderSZ and he also said in the chart he shared a moment ago that the DOGE price is holding on to important support. The analyst, who marks the profit zones for long positions, draws attention to the ranges where the price has fluctuated before. Here, the fluctuation between $0.114 and $0.130 is the first opportunity area. In the possible rise, short-term gains can be achieved with sales at resistance.
If the range between $0.146 and $0.179 can be overcome with volume, it will be pregnant with new attempts down to $0.22. Bitcoin 
$54,380.21 With the price exceeding $70,000 again and risk appetite for altcoins increasing in the last quarter, these ranges can be kept in mind for day trading opportunities.
Of course analysts It shares its assumptions based on past movements and there is no obligation for the price to stick to these levels.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
