It was a brief decreased, because the price managed to reach the level of 0.618 FIBONACCI at $ 0.24. Consolidation began above $ 0.24 marking a crucial support area, forming a potential background structure.
A key observation of the 4 -hour graph is the emergence of a rounded background, often indicative of a trend reversal. The price has made higher stockings since the bottom in early February, with a relative force index (RSI) by leaning up to the upward story. The RSI gradually climbs from the territory of occurrence, showing the first signs of increased momentum.
Fibonacci trace levels provide key information on resistance areas. The trace level from 0.5 to 0.287 $ is a crucial barrier; An escape above this level would indicate an upward force and could push the price to $ 0.3,3464 (retracement of Fibonacci 0.382). In addition, DOGE has displayed a significant drop in sales volume, which suggests that sellers lose control, potentially opening the way to a bullish break.
Another important technical model on the 4 -hour table is the training of cup and hand. If the handle formation ends successfully, DOGE could confirm a bullish break, signaling a movement to higher fibonacci levels. However, not breaking the resistance of the keys could cause another support for support levels close to $ 0.24 to $ 0.25.
Doge pricing prediction
On the lower time (1 hour), the action of the Doge prices reveals an attempt at cutting and sleeve breeze at the start of the stadium. This motif generally means a trend reversal, with an ascending escape expected once the neckline is broken. The resistance to the neckline is nearly $ 0.28, coinciding with the level of trace of 0.5 Fibonacci.