Dogecoin price Once again, it is in the center of attention, arousing stubborn emotions, because the cryptographic analyst provides for the potential 58% of the movement in the near future. After detachment of key support zones, the analyst forecasts that they are successful Breakout above the levels of critical resistance He could drive Altcoin to the novel price.
Dogecoin Price Road map for an explosive rally 58%
X (Formerly Twitter) Crypto Analyst, Dariusz Kowalczyk, Reports that Dogecoin is now showing signs of a potential breakthrough after the last one Reflection from a critical level of support Near the range of 0.14–, 15 USD. This level previously acted as a powerful floor during movements down. After reflecting in this range, the price of the dog now costs around USD 0.165, which signals a possible end Extended downward trend.
Market data from the daily table of the analytics show early signs stubborn Forming the reversal pattern. Dogecoin’s price action on the chart also emphasizes the change of momentum, and the buyers enter the prolonged decline from the highest levels of June.
With the Dogecoin structure, he now suggests a possible stubborn configuration, Kowalczyk predicts that the meme coin He could rape up to 0.26 USD, if it can definitely break above the immediate resistance of about 0.17 USD. This would be an escalate in about 58.19% of current price levels.
Interestingly, the forecast goal 0.26 USD is consistent with the peak levels achieved during the powerful Dogecoin movement in May, where its price was in the face of high resistance and ultimately inverted. The forecast movement of Kowalczyk is based on a measured reflection formula, illustrated on the chart with a vertical arrow showing the range from 0.164 to 0.26 USD, which means an escalate in USD 0.0955 before the end of July.
In particular, this stubborn thesis is based on Dogecoin builds a sufficient rush Above the $ 0.16 mark and gaining sufficient strength to break the resistance above the head. If the price is rejected below the resistance of 0.17 USD, this stubborn configuration may be annulled Pressure down On the meme coin.
The analyst provides brief -term target price
In another x postBitguru cryptographic market expert reveals that Dogecoin is likely on the way to recovering prices After the last reflection from the critical local lowest level 0.143 USD. The analytics chart illustrates a lasting inheritance decline in June, and the price action creates ups and lower minima. After a brief time Consolidation phase Near the USD 0.204 earlier this month, the meme coin resumed its decrease, culminating in the lowest levels of around 0.143 USD.
At the time of the analysis, the dog traded USD 0.1619, slightly below the current price of USD 0.165. The chart emphasizes that USD 0.163 is a key area of interest that acts as brief -term resistance. Bitguru also notes that if the buyer manages to recover this level, the stubborn rush can build another direct destination of Dogecoin in the amount of USD 0.172.
A distinguished picture from Getty Images, chart from TradingView.com
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