Dogcoin $0.244343 (Doge) price is struggling to recover recently. After the Bybit exchange was attacked by a hacking of 1.4 billion dollars, there was a major fluctuation in the market. In the last 24 hours, more than $ 566 million positions have been liquidated. However, while some Altcoins move with strength, analysts Dogecoin PriceIt predicts that it can reach $ 3 if it maintains significant support levels. The increase in whale movements strengthens this expectation.
Which levels are important in the price of Dogecoin?
Crypto currency analyst Ali MartinezShared technical analysis of the price of Dogecoin. According to the analyst, Memecoin’s price is traded in the rising parallel channel and the target level is $ 3. Dogge price Important support zone is between 0.19-0,16 dollars. If this level is preserved, the probability of recovery may increase. If the rise continues, the price is likely to reach critical levels such as $ 0,569, $ 1, $ 2 and $ 2,773.
Technical indicators also give signals in this direction. The rising parallel channel formation shows that the price creates higher peaks and bottoms. This indicates that the market is in the rise trend. If the momentum is protected and Dog Investors can expect a movement towards $ 3 if they can maintain important support levels.
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Doge shines with the processes of whales
Dog The price is currently trading around $ 0.24. With the recent decline, the price fell by 4 percent. The level of $ 0.24 is tested as support, while the resistance level has become apparent as $ 0.30. Technical indicators reveal that the price is now under pressure. RSI is at the level of 38, ie the over -selling zone. The MACD indicator also indicates that the sellers can continue with a negative intersection.
Whale movements continue to be a decisive factor in the market. Over 100 thousand dollars Dogecoin transfers Recently, it has reached 51 thousand 454 levels. In general, the fact that the stablecoin balances of whales are increasing shows that investors are cautious.
If the Dogecoin price can maintain $ 0.24 support, a recovery can be seen towards $ 0.25 and $ 0.30. However, if this support level is broken, the price is likely to withdraw to $ 0.20. If the market recovers and the expectations of the spot dogecoin ETF are strengthened memecoinThere may be a harsh rise in the price of the price.
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 perform their operations in line with their own research.
