THE Dogecoin price threatens a ventilation of its current level of support, after having crossed two H4 reestes. The Crypto UB analyst revealed what to monitor because the first piece of memes continues to be linked to the beach in the short term.
Dogecoin price in danger of failure than the main levels of support
In a X postUB said that the Dogecoin price action is not so large and suggested that the first piece of memes is in danger of depression below the main levels of support. He noted that with the rejection of .285, there is a clearer image of the levels to seek a potential rebound. However, the analyst added that he would consider the Current price action Be linked to the beach until there is a break from .239 or .285.
The analyst also referred to the Dogecoin price action in the 4 -hour time time. He suggested that there would probably be a retest of H4 consolidation before moving potential. UB added that, given how essential the H4 level is, it would look for weaknesses if there is a little relief.
UB also discussed the Dogecoin price within one hour. He revealed that level H4 and H4 consolidation had been cleaned properly twice. His table which accompanied him also confirmed that Doge was in danger of solid decline if he breaks below the Support level of $ 0.24. Meanwhile, the most important piece of memes is in a consolidation range between $ 0.24 and $ 0.27.
Cryptographic analyst Kevin capital also suggested that the price of Dogecoin risked breaking. In a post X, he revealed that Doge had not returned above the Golden Pocket Macro and the weekly support group on the Haussier market. The analyst added that it is time to look at the Bitcoin closer, suggesting that the meme part could drop lower if the BTC also decreases.
Why a Doge rebound could happen early enough
In a post X, Tardigrade Crypto Tardigrade analyst revealed that the Relative Dogey (RSI) index within 4 hours has reached the occurrence zone. As such, he told the market participants to prepare for a short -term rebound in the Dogecoin price early. His accompanying graph has shown that the most important piece of memes could recover the support level of $ 0.3 and bounce up to $ 0.36.
Meanwhile, in another post X, the analyst suggested that the long -term perspectives of the Dogecoin price are still optimistic. He said DOGE cycle model repeats itself. On this basis, delay Tardigrade said that Dogecoin will have another increase in value because “history echoes at its own pace”.
When writing data from CoinMarketCap.
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