In the current bull market cycle, Mastiff has seen considerable upward movements reaching the $ 0.48 bar. Even if the piece even on the theme of the dog has since fallen at the price level of $ 0.25, it is likely to attend another bullish race, which could push Doge to a new record of all time in this cycle.
The major trend for Dogecoin is getting closer
In the midst of decreasing market performance, Dogecoin has shown encouraging price developments that refer to a positive change in market dynamics. The Tardigrade technical and investor trader has foreseen A significant movement to come for Doge, potentially opening the way to a new summit of all time.
The expert predicts that Doge could be on the brink of a new major upward trend, pointing key technical indicators on the daily graphic. With bullish indicators that take place with a renewed interest in investors, Doge could find your direction upwards Again.
The recent closing of the daily candle of Dogecoin reported its very first upward divergence on the table of the relative force index (RSI) since the beginning of the year. Consequently, the analyst is convinced that Altcoin could get closer to the beginning of his recruitment.
Tarden late too highlighted A long wick within the daily time. These long wicks often indicate a potential tendency reversal or high market volatility.
In this case, this suggests that Dogecoin could see a trend reversal towards positive directions in the coming days. Given the past scenarios, which have led to a notable recovery, Tarder Tardigrade thinks that it is always possible for the coin To attend a substantial pump, targeting the long -awaited price bar at $ 1.
A 1 $ 1 milestone would trigger a prolonged rally to other higher heights. Based on Dogecoin’s past cyclesThis current cycle should be the most important since each previous bull cycle has been larger than the previous one.
Doge’s Sights a movement to recover the levels of keys resistance
While Altcoin is preparing for a bullish trajectory, the following crucial levels seem to be the ranges of $ 0.40 and $ 0.48. Natalie Dormer, director of the pro-trader and crypto portfolio, underlines These prices mark as it provides for a gathering for Dogecoin.
According to Natalie Dormer, the exponentially broken mobile averages (EMAS) are currently reteteted by the memes piece, where she should be rejected. However, additional confirmation is necessary.
Before starting a downward trend, DOGE Must feel a weakening near the area. Indeed, if the volume shows signs of construction in the area, this will result in a significant price increase, with points of $ 0.40 and $ 0.48 as the following targets.
Currently, DOGE is negotiated at $ 0.25, demonstrating an increase of 0.03% in the last day. Its low price action could be attributed to decrease Feeling of investors As evidenced by a daily decrease of almost 58%.
Felash star image, tradingView.com graphic