Dogecoin (DOGE), which broke the rising wedge structure a few days ago and touched the support level, re-entered this area with its latest rise.
DOGE, which caught a fury in the process of Twitter’s conversion to X, continues to maintain its influence since $ 0.060. Elon Musk, especially known for his DOGE maximalist, created a great excitement in the process of Twitter’s transition to X. In addition, Musk added the letter D to the location section, bringing the expectations in DOGE to the top.
DOGE, which exploded with these situations, came from $ 0.060 to $ 0.0835 in a short time. What levels can DOGE, which is currently trading at $0.0759 within the rising wedge, target?
Dogecoin (DOGE) chart analysis
With the breaking of the rising wedge structure, DOGE, which tested the $ 0.732 support or even a little lower, made its investors smile by being included in this structure again. Memecoin, which has increased by 5 percent in the last 24 hours to the safe zone, can make a move towards $ 0.0777 – 0.0816 – 0.0846, respectively, if it manages to be permanent.
The negative technical structure or the sudden decreases of BTC will trigger investors to move in the direction of selling. In such a scenario, the expected points of buyers for DOGE are 0.0732 – 0.0700 – 0.0667 – 0.0628 and $0.600, respectively. If price is the deciding region, it will be $0.70. At this level, mobility may increase even more.
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