Crypto Currency Tracker logo Crypto Currency Tracker logo
Bitcoinist 2025-04-29 23:00:45

Dogecoin’s Journey To Its Current Peak Hinges On This Pivotal Price Level

As Monday drew to a close, the general crypto market witnessed a slight retracement in bullish momentum, causing Dogecoin ‘s price to drop briefly to the $0.174 support level. Despite the short pullback, optimism remains within the sector toward DOGE’s future performance, with several crypto analysts predicting massive price upswings in the short term. A Key Level Dogecoin Must Reclaim To Push Higher Dogecoin may have experienced a brief retrace, but the overall picture paints a more significant upward performance ahead for the dog-themed meme coin . However, DOGE must overcome key resistance levels to fuel this anticipated huge rally. In his recent analysis shared on the X platform, Ali Martinez, a seasoned technical and on-chain expert, has predicted a potential rally for Dogecoin to its current all-time high of $0.74. While the analyst foresees a significant upswing in price, he has underlined a crucial aspect in the journey back to the peak. Looking at his chart, the meme coin is trading within a rising parallel channel. Also, DOGE now faces a critical test at a key price level that could determine whether the current rally has enough strength to continue. Interestingly, this zone has previously served as a springboard to prior spikes , as seen in late 2024 and Q1 of 2025. As the upward trend continues, Ali Martinez has pointed out the $0.20 mark as the next key zone in DOGE’s path to reclaiming its all-time high. If the meme coin can clinch a monthly close over the $0.20 resistance, the expert believes it might set the stage for the anticipated rally to $0.74, positioned at the 1.0 Fibonacci level. Furthermore, a break above this level would indicate robust bullish momentum and potentially attract the interest of more investors. Such a rise in investors’ interest is likely to play a crucial role in the impending price upsurge. However, if DOGE fails to break above the zone and retrace, the ongoing uptrend could be at risk of a sharp decline. In the event of a sharp pullback , the next crucial support level lies at the $0.065 price mark. DOGE Forms A Low At The 0.382 Macro Fibonacci Level Delving into current price action, Kevin Capital, a crypto analyst and trader, revealed that Dogecoin has created what appears to be a low at the precise level observed for the past few months at the macro 0.382 Fibonacci level and the macro downtrending lines. The expert also highlighted that the weekly Relative Strength Index (RSI) reached the precise level where it has been dipping since the bear market’s lowest point. However, each time the price reaches that level, prices tend to grow higher, suggesting greater long-term strength in the asset. DOGE is experiencing a confirmed Stoch RSI cross on the weekly time frame, whereas a confirmed cross on the 2-week time frame is still pending. Its risk-reward ratio was outstanding because there was little downside and a huge gain. While the analyst points to a potential pullback, the overall trend is still trying to change.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.