The Crypto-Active Dogecoin course ranges dangerously around $ 0.24. Technical signals are blurred between ETF hopes, massive withdrawals of tokens and lowered indicators. Should we expect a flash rebound or a prolonged collapse? Complete analysis here!
In short
- Dogecoin oscillates around $ 0.24, key technical threshold, marked bearish pressure and negative indicators.
- The anticipation of an ETF Dogecoin and the withdrawal of $ 266 million tokens support a rebound crypto potential.
A fragile balance for dogecoin between hopes and alert signals
Dogecoin (DOGE) experienced rapid increase to $ 0.30 before undergoing A fall of 11 % in 24 hours. This brutal correction places this crypto active in a tension area, under the combined effect of massive sales and an uncertain technical climate.
After Trading datathe Token Doge is now evolving under key technical thresholds (especially $ 0,2,550). He seeks to stabilize around $ 0.23.
The analysis of the graphic structure shows a consolidation under an unfavorable hourly moving average. The RSI slides within 50 and the MacD displays a negative dynamic, reinforcing The lowering scenario.
To consider a reversal, the price must:
- Reclaim the levels of 0.2550;
- Cross the resistance to $ 0.2720.
A movement to $ 0.315 is even possible if the buying pressure is intensifying.
In parallel, the market monitors the support area at $ 0,2450, with two major thresholds at $ 0.2320 and $ 0,2250. A clear break could Precipuir Dogecoin to $ 0.2120 (or even $ 0.2050, according to current projections).
A rally still possible thanks to ETFs and crypto whales?
Despite the lowering signals, several fundamental elements reinforce the bullish scenarios in the medium term. We cite in particular the expectation around the ETF Doje which fuels Crypto market expectations. If the regulatory green light is confirmed, this could propel The price of Dogecoin up to 75 % higher.
Another element to consider: the reappearance of institutional investors. More than $ 266 million in Doge recently left the Crypto Exchanges, thereby reducing the liquidity of the market. This phenomenon, generally interpreted as a sign of accumulation, could promote a rise in prices in the event of a bullish recovery.
Finally, and not least, a particular technical configuration. Dogecoin is indeed near a major fibonacci level, often associated with historical rebounds. Some Crypto analysts believe that in the event of sustained crossing of resistance, the price of the DOGE could Aim areas between $ 0.60 and $ 0.70.
One thing is certain: the Dogecoin advances on a tense thread. The next few days could set the cry for this crypto for the coming weeks. To follow …
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