Moein Haddadian, a TradingView Crypto analyst, has Rejected A new one Dogecoin Price PresenceWhich suggests that a breakout is on the horizon. The analyst highlights key resistance levels that must be cleared before the popular MEME coin experiences a Price recycling Above the threshold of $ 0.3.
Dogecoin Price Faces Resistance on the way to recovery
Dogecoin has struggled to regain its upward momentum after trade within a clear downward trend for months now. However, the Meme coin’s latest price measure indicates that its current momentum may be shifts from baisseart to hausseartat.
According to Haddadian’s Dogecoin -Diaram analysis, the Meme coin recently broke over a Silly trend lineSignals that sellers can lose control. The analyst highlights the price point of $ 0.25 as a critical level of resistance for Doge, indicating that a Confirmed breakout Above this point is crucial for bulls to establish dominance and strengthen a raisy trend.
If the Bulls manage to push the price beyond the resistance level and maintain the outbreak, Haddadian expects Doge to rise towards his next goal of $ 0.30 – $ 0.334. This price level is in line with a previous delivery/resistance zone, highlighted by the larger gray area in the analyst’s price chart.
While an upward crime for Doge remains an opportunity, the TradingView analyst reveals predicted rally can only occur if certain conditions are met. Dogecoin’s Support Level of $ 0.16 plays an important role in its current Haussey and its ability to reach $ 0.334 target.
Haddadian explains that if the Meme coin does not stay over Support levelthe estimated haussearted scenario can be void and its The price may sink further Toward $ 0.122 or 0.113 $. Based on the analyst’s diagram, the ideal installation for a long -lasting recovery for Dogecoin would be to experience a short consolidation Over $ 0.205 before a breakout rally.
Once Dogecoin has crossed its former resistance level between $ 0.30 and $ 0.334, Haddadian predicts that the Meme coin could Skyrocket at a high price at $ 0.484. On the back, a division below the support level at $ 0.113 can press Dogecoin’s price as low as $ 0.08, which completely interrupts the analyst’s Hausseble.
Doge to get into a new haus phase
Crypto -analyst Ali Martinez has shared a price chart with one Super trend indicatorwhich suggests that Doge is going into his next haus phase. The gray-shaded area on the diagram represents the super-trend resistance zone to $ 0.21, which Dogecoin has remained throughout its downward trend.
With its price currently sitting at $ 0.19, Martinez predicts a breakout and closes over $ 0.21 resistance may turn Dogecoin’s price measure Hausse. On the disadvantage, failure to break this key level can lead to a continued baisse -like or lateral movement.
Image from iStock, chart from tradingview.com
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