Dogecoin (dog) prices have increased by more than 4% over the past month, which indicates the slightly dominant influence of bears in recent weeks. Like the leader of the cryptographic market (Bitcoin), the outstanding Altcoin and Memecoin have registered a significant correction of the market since reaching the local peak of USD 0.249 on May 22. However, the last revelations of the best analyst of Ali Martinez showed a stubborn market condition, which supports the reflection of prices for the dog market.
Doge Bulls Eye returns to USD 0.22
IN X Post On July 5, Martinez presents technical information about the Doge market, which emphasizes an essential necessity for Altcoin to discover its stubborn form. Using the Daily Trading Dogeusdt chart, the notable analyst identifies the rising trend that extends until 2023. In many cases, the re -test acted as effective support consistently rejecting the further drop in price.
According to Martinez’s analysis, Dogecoin trades around this trend line, which is currently running at the price of 0.150 USD. The analyst explains that market bulls must defend this price zone, which not only drives the chances of reflecting the price, but basically prevents failure and a total transition to bear.
Interestingly, all the re -distinguished trend line has always brought a price reflection, as a result of which the parabolic rally. This event is perceptible in price increases worth 0.059 USD to USD 0.210 (~ 255% profit) between 2023-2024 and 0.095 USD to 0.470 USD (½395%) in 2024. However, Ali Martinez presents a conservative price, constituting a defense of 0.15 USD support for at least 0.20 USD.
Nevertheless, in the presence of mighty stubborn pressure, as you can see in previous rallies, Doge investors can expect another augment to around 0.24 USD, and potentially return to the top of the local market of $ 0.47.
Doge price review
At the time of writing, Doge trades $ 0.164, reflecting a petite price augment of 0.91% and 0.56% on the diary and a weekly map, respectively. Meanwhile, Memecoin registered 56.81% of the daily trading volume failure, which indicates a significant decrease in market interest.
According to data from the price forecasting site CoincodexGeneral moods on the Doge market are bear. However, investors retain well market demand, as evidenced by the indicator of fear and greed 67, i.e. a significant amount of greed.
In a miniature period, Coincodex analysts expected Doge to continue to keep the price of around USD 0.160 in the next five days, while raising prices to 0.193 USD in a month. Meanwhile, their long -term forecasts show a slight augment in prices in the distant future, as indicated by the goals of USD 0.197 in three months and USD 0.169 in six months.
