Is Dogecoin (Doge) ready for a return? Analysts share information

Tl; DR

• Haussiers signals suggest a renewal of Dogecoin, with an escape greater than $ 0.29124 that can push the price to $ 0.50 to $ 0.60.

• However, concerns arise as the activity of the DOGE network and the long -term trading volume fall, with warnings of a potential accident to $ 0.06 if the evaluation drops below $ 0.19.

Can bulls regain control?

The last days have been devastating for the cryptocurrency market, with the prices of many leading digital assets crushing two -digit. One of the least affected was Dogecoin (DOGE), whose assessment is down by almost 20% On a weekly scale And is currently negotiated at around $ 0.21.

Some analystsHowever, Believe the downward trend could Soon finished. The user x popular Ali Martinez claimed That the same part appears ready for a rebound because the sequential TD indicator flashes a purchase signal on the daily graphic.

Rose bonus signals have also described an increased forecast. The industry participant assumed that Doge approaches “a key inversion zone”, saying that a break greater than 0.29124 could confirm a gathering to new peaks. User X thought long -term targets sit About $ 0.50 to $ 0.60, with the potential of the increase.

“If Momentum continues, Dogecoin could recover its throne of money even and push towards higher levels,” they concluded.

The lowering scenario

Unlike her optimistic prediction, Martinez recently presented disturbing data involving the biggest coin in terms of Market capitalization. He estimated This Dogecoin network activity has decreased in recent months, with new addresses from almost 1.3 million in November 2024 to only 30,815 to date Today (February 27).

In addition, the total volume of trading of DOGE has tumbled From $ 58.2 billion in November from last year to only $ 992 million on February 26.

These developments generally indicate a reduction in user engagement, which could be interpreted as bad news from investors and hinders the interest of the memes.

Earlier this week, Martinez saw A probability of a DOGE price accident at $ 0.06. He thinks it could happen if the price dives less than $ 0.19. As mentioned above, the evaluation has dropped considerably in the past few days but did not go below the brand represented.