A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are supple. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
Dogecoin is currently consolidating to a strict extent, trading below the 0.18 USD mark and maintaining support above 0.16 USD. Meme coins have faced significant sales pressure and uncertainty, fighting to gain pace, because the wider cryptographic market remains unstable. Bulls must regain key resistance levels to confirm recovery and prevent further minus.
Despite the slowdown of the market, there are signs that Doge may be on the verge of a breakthrough. The best analyst Carl Runefelt shared the view of X, revealing that Dogecoin creates a stubborn pattern that can explode at any time, leading to a huge rally. According to Runefelt, the pattern resembles a classic accumulation configuration, indicating a potential price escalate if key resistance levels have been violated.
By moving market moods and data in the chain showing renovated Doge interest, traders carefully observe the signs of a breakthrough. If Dogecoin manages to recover higher price levels, it may signal the beginning of a powerful coin growth. Failure to comply with the current support zone may, however, result in a further downside. The upcoming days will be of key importance to determining whether Doge Bulls can take control and escalate prices.
Dogecoin Falling Wedge signals a potential breakthrough
Dogecoin was a pointed decline, currently trading 70% below the high level of December. Sales pressure continues because meme coins remain one of the most complex assets on the cryptographic market. Speculation and fear lowered prices, and Doge Bulls have a long way ahead of them if they want to recover higher levels.
Trend Bitcoin from the end of January added sentiment to the bear, which leads investors to convince that the bull cycle may end. If this is true, coins such as Doge will probably face the greatest variability and sales pressure in the coming months.
However, not all analysts are convinced that Dogecoin was in a decline. Runefelt’s Insights Reveal a technical analysis that suggests that Doge creates a falling wedge pattern – historically stubborn configuration. According to Runefelt, when the dog breaks out of this formation, it can experience a significant rally. Its target price is 0.434 USD, which is a huge escalate in current levels.
If Dogecoin manages to maintain key support and break the resistance, the recovery rally may occur. However, if sales pressure is continued and the dog does not regain higher levels, further declines may be inevitable. The next few weeks will be of key importance when determining the direction of my meme.
Breakout above 0.20 USD or falls below USD 0.15?
Dogecoin is currently amounted to USD 0.17 after days of rotation from side to side, fighting to exceed the resistance level of USD 0.18. The meme coin has been caught in a strict consolidation when bulls are trying to regain control, but the wider market uncertainty continues to charge the price.
To confirm recovery, the dog must exceed the 0.20 USD mark, which serves as key psychological and technical resistance. Recovering this level can cause a breakthrough towards higher supply zones, potentially fueling a rally towards 0.25 USD and more. However, for this to happen, Dogecoin needs a rapid rise in momentum and increased market trust.
On the other hand, if the dog does not recover $ 0.20 in the coming days, sales pressure may escalate, which will lead to a decline below USD 0.15. The decrease below this level would indicate further weakness, potentially sending a dog to test lower support of around 0.12 USD. Bulls must soon enter to prevent deeper correction.
Recommended photo from Dall-E, Tradingview chart
