Like all other cryptography sector, the ceiling for money even has experienced a significant decrease after a major collapse in the past two months. Standing strong like the largest piece of memes, Doge is down 20% on a weekly scale.
Looking at the last months of Lels, Dogi seemed to have lost about half of the gains at the end of 2024. He looked down on the daily graph but is still negotiating on the bruising territory in mid-term.
He is currently taking a break in the collapse of the week at first after seeing a lively bounce from $ 0.2. The small break in the sale of trading subject to a brief consolidation phase on the lower time while the price remained low on the daily graph.
Meanwhile, the recent price rejection suggested a potential increase. If Doge repeats the mid-December model that brought a month’s relief on the market, we can see a good recovery higher than $ 0.3.
Failure to comply with this level can lead to another leg, as it could paint a larger cutting-edge scenario in the short term. For the moment, he has not yet decided the next direction due to balance on the market.
However, by closely examining the market, Doge still maintains a lower and lower lower model. Maintaining this model could lead to a more drop until it locates a solid level of support.
The key level of Doge to monitor
Source: Tradingview
The maintenance support level is currently $ 0.25, followed by $ 0.20 – tested on Monday. The next level of target support to consider for a drop is $ 0.16.
The rehearsal of the previous recovery model could push the price at $ 0.30. Supporting such a recovery could propel the purchase at $ 0.4 before regaining the decline. A significant thrust above $ 0.48 should prepare the ground for a new upward phase.
Key resistance levels: $ 0.30, $ 0.4, $ 0.48
Key support levels: $ 0.25, $ 0.20, $ 0.16
- Cash price: $ 0.265
- Trend: lowering
- Volatility:
Disclosure: they are not negotiation or investment advice. Always do your research before buying a cryptocurrency or investing in services.
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