With Wednesday approaching, Dokwin He witnessed a decline due to the increasingly descending market feelings, causing the Meem currency to the title of dogs to the stage of unification. The DOGE price may be unified, but the encryption analyst claims that development is promising can lead to an upward trend to higher levels.
Dog is preparing for a possible operation of $ 0.4
It seems that the renewed direction of Dogecoin up to the top has lost Steam because it reconsidates the mark of $ 0.22 after the market turns to a little decline. Currently, Meme is hovering within a narrow price range where investors and merchants expect its next main step.
In a recent analysis on the X (previously Twitter) platform, trader tardigrade, an expert in the market and investor, specific Dog entered the stage of unification after its decline. However, DOGE can be a basis for monotheism A strong, imminent gathering.
Although this period of side work may seem unclear, the Trader Tardigrade analysis suspends the stage as a stop of strategic suspension before the major collapse. Moreover, it means that Dog collects strength within the narrow price range even with a gradually low market momentum.
Looking at his scheme, The same angle It has reached a decisive level and witnesses some resistance around the keys. Its recent rejection from the region has a short period of unification within the price range of $ 0.21 and $ 0.25.
According to the expert, Duji’s unification in the short term over a few days “is very healthy for fUTURE price movements“Since it hovers near the critical resistance levels. However, Trader Tardigrade expects a outbreak in the coming days, indicating that the side movement will be short and useful. Once Dogecoin is broken above the current resistance, the analyst is confident that it will stimulate The next main transition to a mark of $ 0.4.
A large gathering in front of Dogecoin
The main technical signals indicate a single -day graph also indicates a potential upward trend for Dogecoin. Trader tardigrade High In another post, “RSI) MA is ready to climb up.
The expert also states that this upper trend sector may cause the original to rise sharply in the short term. His expectations depend on the previous trends, as RSI MA turned up and raised a major gathering in November last year.
With the increasing momentum that is in line with the increase in the network activity, Dodge It is likely to continue to raise it recently. Ali Martinez, expert in the series and technology, I mentioned A huge rise in active wallet addresses amid price growth.
Data show that Dogoin Active Wallet addresses It rose to 127,570, indicating the increase in adoption and interest in the network. The high address activity may be an introduction to recovery on a larger scale, as more wallets oscillate to work, indicating that the M. currency is preparing for its next important movement.
Distinctive photo of Pixabay, Chart from TradingView.com
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