Dogecoin CELS recovers up to USD 0.17 after finding support from withdrawal

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Dogecoin Migra Early signs of a stubborn recovery after finding a position from the last withdrawal, in accordance with technical observations made available by Crypto Trader Bitguru on the social media platform X. Popular coin mema coin MA MA I saw a difficult variability In recent weeks, but fresh support around 0.155 USD can set The stage of the next leg. According to the analyst, the current price structure indicates that Dogecoin can prepare for a transition in the direction of 0.17 USD, if this support will persist.

Support persists after withdrawal as an attempt to recover the momentum

The chart made available by Bitguru includes analysis Dogecoin’s price from March 2025 at a 4-hour candlestick time. In particular, the chart shows that the price of meme coin is followed by a familiar pattern: the initial decrease from USD 0.22 at the beginning of the month, followed by consolidation from 0.16 to 0.17 USD in the middle of the month and a piercing rally, which was near 0.21 USD.

However, since then the price has gone back in the direction of 0.16 USD, and now the emphasis is on whether this correction is a fit base for continuation. A fit base is located around a region worth 0.155 USD, which turns out to be a solid area of ​​support, and Dogecoin managed to bounce many times at this level.

Dogecoin
Source: Bitguru na x

This consolidation zone from 0.16 to 0.17 USD is in line with the previous area of ​​the breakthrough at the end of 2024, strengthening its technical importance. In addition, withdrawal in the direction of 0.155 USD is located in the area that previously acted as resistance, but was effectively transformed into a level of support.

The attached price structure can cause pushing Dogecoin in the direction of 0.17 USD

Bitgur observation focuses on the belief that the price undergoes a stubborn withdrawal to determine the level of support, not full reverse. If USD 0.155 Support remains intact, The market can resume its climbing from USD 0.17 as the first main goal. This level coincides with a tiny band of resistance, which was created during the previous leg down and is now another logical challenge for bulls.

It seems that the general pattern creates a rounded discharge curve, which often precedes the next push up if the market moods remain beneficial. Interestingly, a breakthrough above 0.17 USD can open the door re – zone 0.18 to 0.20 USD before the end of the month. However, if Dogecoin does not win adhesion and immerses himself below the support, The stubborn scenario will be solvedProbably leading to another bear.

The bear scenario would most likely see Dogecoin lose support for USD 0.155 If there is too much sales pressure. In this case, the meme coin can open a free fall in the direction of 0.13 USD and 0.11 USD in the worst scenario. Such a movement would essentially destroy all the boost in Dogecoin prices from October 2024.

Dogecoin
Doge Trading for 0.13 USD on the 1D chart Source: Dogeusdt on Tradingview.com

A distinguished picture from Unsplash, tradingview.com chart

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