Dogoin’s work was Under severe pressure After another support level failed at 0.175 dollars, it failed to keep it, which led to a decrease towards a decisive area. The latest daily candle has been closed with a lower removal after a recovery from a level of $ 0.143, but the technical analysis of the Dogecoin price warns of that there It may still be more volatile.
Despite the temporary apostasy during the past 24 hours of $ 0.143, there are remaining contraction risks. It is worth noting that Tardigrade, an analyst in Tafir, noticed in an analysis that there is still more work to do in order to reversed the price of Dogecoin.
Rejection of prices at $ 0.143: temporary recovery or weak recovery?
Encryption The most prominent trader tardigrade Dogecoin’s interaction with the support level of $ 0.143, noting that the daily candle formed a lower atmosphere at 0.14297 dollars before the bounce. This development indicates that buyers interfered at this price level to prevent further collapse. However, Tardigrade warned that rejecting the price alone is not an affirmation of continuous recovery. The market can still see other tests for this level, and perhaps with a summary collapse in the end before any meaningful upward trend occurs.
The last decline follows a previous warning from Tardigrade, which set $ 0.143 and $ 0.128 as reverse levels after the Dogecoin is closed less than $ 0.175. Once this support was lost, the sellers got control and paid the price down. Although Dogecoin managed to keep $ 0.143 at the present time, market morale remains fragile in the fear area, and it was not yet clear whether the last apostate had enough power to lead to a reflection or if there is more negative aspects in the coming days.
More manipulation of Dogecoin prices before a real reflection?
Dogecoin has been arrested in a continuous landing direction over the past two weeks, which reflects A wider weak point seen across The encryption market. This constant decrease has led to the leading MEME losing multiple main support levels in the rapid caliphate, mainly erasing the bulk of price gains in the last quarter of 2024.
Investors I was rolled now In their investments in Dog, although it has become known as the choice of retail investors compared to bitcoin and other cryptocurrencies in the large market. According to data on the series, The feelings of the investor about it Dogecoin at its negative level -0.93 more than a year ago.
Tardigrade’s analysis indicates that Dogecoin can still experience price manipulation in the form of a brief decrease to less than $ 0.143 before recovery. “Rejection of the price is only the first early sign of reflection. We still need to monitor the price of the price.”
This look looks similar to another encryption analyst Who noticed that dogecoin It may reach a decrease of up to $ 0.12 in the current declining direction before undergoing any significant reversal.
At the time of this report, DOGE is trading at $ 0.1702, fluctuating in narrow limits between $ 0.1624 and $ 0.1726 over the past 24 hours.
Distinctive image from Istock, Chart from TradingView.com
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