Dogcoin $0.227086Price movements in recent weeks continue to attract the attention of crypto money experts. According to Coindesk Research’s technical analysis data, Dgecoin has lost 18 percent since its local summit in early May, following a horizontal course of $ 0.26. Recent analysis indicates that the price is currently in a critical consolidation phase.
Consolidation signals in technical indicators
According to price analyzes, Dogecoin has shown a strong rise acceleration from $ 0.222 to $ 0.228 in the last process, and then moves in a rising channel. Prices found significant support in the range of $ 0.218-0,219 in this December.
The analyzes point to a resistance zone in the $ 0.233-0,234 band. At this level, snow sales transactions were also observed with high transaction volume. The sudden withdrawal in the last hours suggests that the current acceleration has not been completely lost, but there may be a periodic consolidation.
Whale movements and possible rise
Important whale activity was also effective on price movements. Recently, a total of 170 million Dogecoin has changed hands, this amount is over 40 million in return for the dollar said. According to experts, such transactions can trigger a new break in the market.
In the technical analysis, the bullfall occurs in the graphics of Dogecoin, and that this may support the upward movement of prices. Experts, sales pressure so far can be a healthy improvement and a new rally before a technical resting phase, he says.
Market Expectations and Analyst Opinions
According to analyst estimates, a new wave of rise in the price of Dogecoin may come up in the next seven days. In case of this rise, it is stated that a movement is possible up to 0.35 to $ 0.45. The potential rise may mean an increase between 52 and 114 percent compared to the current level.
A serious volatility was observed in the last fluctuation of Dogecoin. The price of the price from $ 0.233 to $ 0.227, a rapid decline, pointed out a 2.57 percent loss. In this process, a few support searches and short -term horizontal spectators were detected between 0.227 and $ 0.228.
Some experts emphasize that the protection of this support is important in terms of price stability in the short term. In the technical analysis, the lack of lower bottoms maintains general hopes.
Coindesk Research Technical Analysis Team made a statement as follows: “Dogecoin’s current consolidation process should not be seen as completely negative. If support levels maintain its power, it can be expected to try a new rise soon.”
Although Dogecoin’s short -term price movements increase the anxiety of some investors, it is considered that technical models offer signs to follow, and the up potential is still alive. It is emphasized that high -volume transactions should be cautious and the fluctuation can offer new opportunities. Analysts point out that if critical resistances are exceeded in the short term, the positive course of prices can be strengthened. The fact that investors monitor support and resistance levels may be guiding in better evaluation of possible risks and opportunities.
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.
