Technical analysis shows that Dogecoin seeks to burst from a Key structure area Almost $ 0.26, which could cause a change in the market of the market. These technical perspectives intervene in the middle of a lower week for Doge, which saw him break below the levels of support and erase his gains throughout January.
According to a technical analysis of the TradingView platform, Dogecoin is about to get out of a robust model that could send it on additional price increases.
Zone structure escape, Dogecoin to exceed $ 0.33
Crypto Klejdi Cuni analyst highlighted on tradingView This Dogecoin went beyond a robust structure area, which theoretically opens the door to new price gains. According to the analysis, which is based on the action of DOGE prices on the 4 -hour candlestick period, the asset had consolidated in a robust area between February 5 and the 10th before finally getting out of the line superior trend in this area.
In particular, this area appeared after the decline of the same play between February 1 and February 3, which saw it Break less than $ 0.22 For the first time since November 2024. This drop was then followed by a brief recovery before Dogecoin finally settled and began to consolidate between $ 0.23 and $ 0.26.
According to Crypto analyst Klejdi Cuni, this consolidation area was robust. At the time of his analysis, Dogecoin managed to break above the higher trend line of this robust area, the analyst noting that he looked solid and that an escape could be the next one.
However, Cuni warned that even if Dogecoin violated this key level, escape might not follow up With a strong ascending dynamic. He pointed out that a temporary break is possible because investors await the testimony of the president of the Federal Reserve Jerome Powell, which could influence the broader feeling of the market before the next potential Dogecoin decision.
Short -term price objectives and what must then happen
The analyst has identified price targets at $ 0.286, $ 0.311 and $ 0.335 after confirmation of the escape. The rupture above these rapid succession targets will open the scene for another strong movement above $ 0.335. However, looking at them, they are short -term price objectives For Dogecoin in light of a lower price action in the past two weeks. Doge had already exchanged above these price objectives throughout last month, but it is reality now, Given the drop Since early February.
Despite the lack of immediate optimistic impetus, Dogecoin did not enter a full -fledged lower market. Many investors are in standby And monitor renewed force signs before moving.
Long -term optimistic targets, including Level of $ 2 largely speculated, are still in play as long as Dogecoin can maintain above the high level of support at $ 0.2.
At the time of writing this document, DOGE is negotiated at $ 0.2536, down 5.3% in the last 24 hours.
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