Dogecoin has made waves so far on this bullish market. Recently, the piece even experienced a large price crash After having recorded two -digit gains and joined new heights earlier this year. Despite the drop in the drop in cryptocurrency, an experienced crypto analyst highlighted strategic entry points and potential upward targets for DOGE. The analyst has also provided in -depth ventilation of the Haussiers De Dogecoin developments for investors who plan to buy the meter part.
The analyst sharing optimistic developments in Dogecoin and a purchasing strategy
In a recent X (formerly Twitter) job On February 4, Crypto Anbessa analyst shared a technical analysis of Dogecoin price movements and bullish developments. The analyst revealed that he entered the market at an early stage of $ 0.09, perhaps because of the conviction in his potential and the culture of attractive memes. He said it was the best entry point because he had caught a local.
After the entry of $ 0.09, the assets experienced a bullish escapeIncreasing 5x and arrows to a key resistance at 0.786 fibonacci. This key level is generally used to identify potential price reversal areas; However, in this case, he marked the start of a “return” movement for Dogecoin.
After its Sharp 5x rally, the current action of Dogecoin entered a return phase. It means that it is The price is now corrected to retest the previous levels of support. According to CoinMarketCap data, DOGE dropped with an amazing 20.1% in the last seven days. This massive price correction marks one of the highest in 2025. In addition, Dogecoin value plunged more than 30% in last month.
Presenting a price table, Anbessa identified the price of $ 0.26 as a critical area where Dogecoin could find potential support before continuing its momentum. Interesting fact, this level of key support also aligns with Dogecoin ascendant channel Resistance, which the merchant predicts a retest can occur.
Sharing an optimistic perspective for the same play, Anbessa revealed that Doge / BTC is currently retaining an escape from a long term Ditch model On the Lapiaire (HTF). This pattern is generally considered a historically optimistic structure, signaling a potential Inversion of upward prices.
Anbessa predicted that if this break in bass rudget is chosen, a bullish continuation rally is expected, potentially leading to a New top of all time For Dogecoin. The analyst set his Doge Ath objective above the level of 1.00 fibonacci at $ 0.77. He also noted that bullish catalysts like Elon Musk tweets on Doge Have a zero effect on the action of the prices of the memes part at this current stage of the market.
Is it the right time to buy Doge?
Based on Anbessa’s analysis, the recent Dogecoin price action aligns with classic bulls, suggesting that its current decline in $ 0.26 could be a Opportunity to purchase. If the support holds, the analyst expects Doge to experience another step, potentially reaching a new ATH.
However, the market remains volatile like never before, And investors should recognize that most predictions are purely speculative. As such, the price movements of unstable assets as Dogecoin can be unpredictableMotivated by media threshing, social media trends, public feeling and sudden changes in the market.
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