Dogcoin $0.1712 Investors were hoped for re -giving the output signals from the recent decline trend of the price. According to technical analyzes, the bull deviation observed, especially in the RSI indicator, supports the possibility of short -term rise. Analysts point out that the price can achieve significant acceleration if the price exceeds certain resistance levels. Market sensitivity also stands out as a factor that strengthens this possibility.
RSI bull deviation and investor trust
The bull deviation in the RSI indicator in the last hourly graphs led to comments that Dogecoin could break the current decline tendency. This technical development has increased the expectations of investors that the price has reached the bottom point. In particular, investors who make short -term transactions consider such signals as an important opportunity.
In addition to this technical deviation in the price of Dogecoin, it is seen that the confidence of investors on social media has started to increase. Despite the uncertainties in the crypto currency market, expectations that Dogecoin can move upwards again are gaining strength. Analyst Trader Tardigrade emphasizes that the price is approaching the bottom and showing signs of recovery, and this view is shared by a significant part of the market.
Resistance points and possible rise scenarios
Daily graphics see that Dogecoin is starting to create higher peaks. This technical structure may indicate that a new rise trend has begun. According to experts, the price of $ 0.164 and $ 0.178 is quite critical in terms of the continuation of the upward movement. Permanence above these levels can pave the way for a break that can carry the price to higher points.
According to Crypto Money commentator Moein Haddadian, if the cost of the dogecoin exceeds $ 0.25, the rise acceleration may accelerate further. Haddadian says that these levels have worked as a strong resistance in the past and that psychological boundaries can be easily broken if they are overcome. Such scenarios can cause investors to be more brave when taking positions.
CYPPLY MOVEMENTS: “DEPE CIRCLE” Is it again on the field?
The cyclical movements that occasionally emerge in the price history of Dogecoin and called “Doge Circle ında are on the agenda again. In 2015 and 2020, the price recovered at similar support points is similar to its current movements with its patterns at that time. Technical analysis enthusiasts argue that the repetition of these patterns can be a positive sign for Dogecoin.
Some analysts believe that Dogecoin can rise to $ 8 to $ 10 band in the middle-long term by leaving the over-selling zone. This is of course an optimistic prediction; However, considering the past performances of the market, the possibility of a similar cycle cannot be ignored. Such scenarios are carefully monitored, especially for long -term investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
