After a brief show of a stubborn rush on Thursday, Dogecoin started the bear price, falling even 0.201 USD. Within 1 month, the Doge price dropped by almost 40%, which causes speculation about the possible phase of the bear. However, a meme coin on dogs can still experience reflection when it goes to the key zone.
Order a block zone indicates a lift tendency for Dogecoin
Dogecoin stands in the face of the pressure of the bear, which means that its price puts previous levels of support. Meanwhile, a market expert and investor Tardigrade revealed A fantastic trend at a recent Doge price.
Delve Dogecoin priceTrader Tardigrader emphasized that the meme coin has entered the key zone of order blocks for significant purchasing or sales, which can determine the future trajectory of shares. Order block zones during increased variability often serve as a powerful level of support or resistance.
Many vast concentrations of limit orders are currently waiting for execution in this zone. When this zone is filled with orders, Tarder Tardigrade is convinced that Doge will go up in the coming weeks.
Experts predict that they enhance DOSE From previous scenarios they preceded significant rallies in the following weeks, as can be seen in the daily chart. If you would buy pressure when Doge trades in this zone of the order block, it can airy up a stubborn shoot, allowing you to recover key levels of resistance and perhaps a recent highest in history.
AND Key pattern Quoted on a 4-hour time table, there is further dog-supporting potential to act up. In another x postTrader Tardigrade noticed that the meme coin has created a model of the bottom double chart, which usually signals the trend up.
If Dogecoin effectively creates a lower chart, it is expected to resume his movement up. Looking at the expert chart, the formula may cause a reflection to USD 0.22 in the following days.
While the double lower tips on the growing shoot, the relative Doge (RSI) strength indicator underwent a stubborn breakthrough from the horizontal resistance line. This breakthrough will probably support the same cornerExpected price recovery caused by the Dolny pattern.
Doge Open interest tanks in recent months
Open interest in Dogecoin (OI) He dropped violently with disappearing price movements. Technical expert Ali Martinez Reported Over 67% decrease in open percentage of dog over the past 3 months. This is a drop from the highest level of $ 4.07 billion in December to around $ 1.33 billion today.
Surprisingly, investors are beginning to show Doge’s interest among the current drop in prices. On the chain data It shows that vast investors or whales have returned to the market by buying Dogecoin. These whales Over the past 72 hours, they have gathered over 530 million dogs, signaling trust in his long -term perspectives.
A distinguished painting with Shutterstock, chart from TradingView.com
