Dogecoin fell by over 50% after reaching 0.5 USD, leading to the inauguration of Donald Trump. Despite the expectations of recovery, The meme coin was still plungingBreaking the main support below, such as USD 0.15. However, this can be a unique opportunity for cryptographic traders, and such times often create an ideal entry into maximum profits, according to one cryptographic analyst.
Fear is not your friend
A cryptographic analyst who recently passes by a nickname published The idea for Dogecoin trade suggests that now it’s time to enter the meme coin. This happens after the analyst called the tiny trade in Dogecoin in 2024, followed by a coin coin value of almost 75%.
This time, the cryptographic analyst gives four reasons why it can be a good time to buy Dogecoin. The first reason is that most of the market (90%) is currently in sales mode. So he advises investors to buy when there is blood on the streets, warning investors that “fear is not your friend now.”
Then on the list of plaintiffs they are Dogecoin Action And breaks for RSI resistance. So far, the Doge price has achieved and tested many RSI resistance, and with the latest breakthrough it looks like a recovery trend.
The third reason why the Dogecoin price for recovery is is to find support in the field of past resistance. The cryptographic analyst outlines these levels of resistance with red arrows, with the last main one around 0.15 USD. So, with a break from here, it is expected that the meme coin will continue to grow.
The last on the list is a regular current discrepancy that Altcoin was subjected to. With movements such as a rapid growth in November 2024 just in the reverse view, the repetition could be sharply the Doge town hall and the possibility in relation to the expected level of 1 USD.
Dogecoin price goals
If everything goes according to plan, the cryptographic analyst believes that Dogecoin Price can enhance another 300% hence. Of course, a 300% movement would cause a coin at a much higher price than at the peak of 2024. Currently, the main goal is 0.6 USD.
After Trump’s stopping on the tariffs to all countries, except China, the cryptographic market is already responding positively. Dogecoin enjoyed a rapid enhance in 10%, exceeding over USD 0.16 in less than an hour after the announcement. If the fondness persists, then the growth may in the meantime push in the direction of 0.2 USD.
A distinguished picture from Dall.e, DChart from tradingview.com
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