In an article on X Today, Crypto Satoshi Flipper analyst (@Satoshiflipper) shared a daily graphic of Doge / USDT on Binance which highlights what he calls a “corner of monster”. The graph shows that the price of Dogecoin moving in the two convergent trend lines – one descendant of the recent swing peaks of the room, and the other descendant to a less deep angle compared to its short -term stockings, forming a classic corner structure.
Buy or sell Dogecoin now?
According to the graph, Dogecoin is currently negotiated in the range from $ 0.21 to $ 0.22, oscillating just above the lower area of the corner. This trend line extends from the mid -December levels of the medal – when Dogecoin began its downward trajectory – through its successive lower stockings, culminating near the Apex in early March. Meanwhile, the upper limit of the corner connects a series of descending peaks from the local summits of the medal, one in mid-January, tilted down in the same Apex region.
A “fall corner” is generally considered by technical traders as a potential bullish reversal scheme, in particular when accompanied by a reduction in volume during the consolidation phase. The idea is that as sellers become exhausted, buyers can start to intervene near the local support line, which leads to a price dynamic once the resistance line is broken.
In the graph, Satoshi Flipper shared, a dotted arrow projects a possible bull movement if Dogecoin can decompose decisively above the upper limit of the corner. Although no guarantee exists in cryptographic markets, this hypothetical trajectory is current price levels of around $ 0.21 in the region of $ 0.50 at the end of the avil. The graph also shows a significant horizontal support area below the market, oscillating around $ 0.10 to $ 0.15, which goes back to the previous dogecoin base before its large run-up.
Meanwhile, feeling among other cryptographic analysts on X seems divided. Carlos Garcia Tapia (@ Cacthe3rd) warns that he sees “H patterns h everywhere” and suggests a potential retracement before the next leg: “Trend to say, all this is cooked, wood. Doge 14 cents 🙁 “
In response to another user who did not know the “H model”, Tapia reiterated her vision of a probable downward movement. “Above a return before the next leg,” he said. “This contrasts with the more optimistic position of Suzzy | DEFI (@Suzzydefi), which highlighted a strong wick of the support area from $ 0.19 to $ 0.20:
“Take a look at Doge, and I just spotted a strong wick of support from $ 0.19 to $ 0.20, giving me serious upward vibrations! Buyers intervene and if we see a green candle then, Doge could go around $ 0.25 + soon. »»
At the time of the press, DOGE exchanged $ 0.20635.
