Dogecoin’s recent upward trend On Thursday, a brief shock occurred as its price fell to the level below $ 0.17. However, the dog-themed meme coin has gained its leg back and reflected its strong flexibility, a slightly above $ 0.18 above. Dogge shows remarkable reverse speed, many enthusiasts point to the expansion of the rally running up to high value levels.
Stabbing for a big rally
At the time of writing, the price of Dogi has increased to a mark of $ 0.18 with a strong rebound. Meanwhile, Memcripto, a Crypto analyst and businessman, Claim This dogcoin seems to have started some larger than the current $ 0.18 level.
According to the expert, DogocineThe speed is not random and the structure is naturally constructing, indicating a breakout from consolidation. This breakout is viewed through a lens of speed and exponential moving average (EMAs).
Meanwhile, the next major resistance is located at $ 0.24, and a push for the region may begin a large trend at the current speed. Whereas Bhavna is cautiousMemcripto said that markets do not wait for lattecommers, and the next impulse would probably turn into a foam chase.
600% price explosion in game for dogcoin
After a long period of Below actionDogeCoin is back in the headlines due to its renewed price rally. While the popular meme coin is brightening the rapid signals, a market expert and investor, Trader Tardigrade is mentioned An upcoming upward, suggests a continuous rally at a high level.
In particular, the expert has predicted a 600% value rally in the short term, which will push the meme coin to a new all -time high in the ongoing cycle. This anticipated bounce can mark a decisive moment in the developed market story of Dogi, which is run by a combination Technical breakoutIncrease in the amount of trade, and the consumer re -awakened the interest.
The bold forecast of the trader tardigrade is based on the trends on the previous upwards due to the bounce from a ascending support trendline. Given the chart in the 3-day time limit, the ascending support trendline has come out for several months, which starts from October 2023 to the present day.
For the first time Dogi reached the ascending support trendline in October 2023, Meme coin The next months saw more than 200% increase. During the second example in 2024, the price of Dogge increased by more than 400% after killing the ascending support trendline.
Meanwhile, similar development has revealed in the recent price functions of Dogcoin. Since there are resulting from major returns every time, trader tardigrade believes that a powerful bounce of +600% can occur on the horizon. As seen in the chart, this adjacent +600% rally will bring the price of Dogge to the level of $ 0.93, a new all-time mark.
With significant support between rapid waves, it implies that Dogge is building speed for an upside Bulls step to protect the rallyTrader tardigrad Thrown light on He has returned to the Dogcoin order block zone, which will provide good support for the meme coin. Whether the zone should be strong against recession pressure, the price of Dogi can turn towards major resistance levels.
Specially displayed image from Shutterstock, Chart from TraudingView.com
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