Experienced analyst Ali Martinez foresees a sharp decrease in the breast coin Dge if he breaks his critical support level. On the other hand, the price of Dogecoin is preparing to tend to rise according to historical patterns. Some analysts argue that Doge can reach $ 2.5 dollars and even $ 5.
Will the Doge price drop to $ 0.015?
According to analyst Ali Martinez, the price of Dogecoin has been watching a rising channel since 2014. Historically, the Dogge channel’s lower support trend line has returned to the upper resistance trend line, but only to fall back. On the other hand, Dogge has now reached a critical point. If it decreases below $ 0.19, it can trigger a sharp correction up to $ 0.015.
This decrease is compatible with the existing performance of Doge. During the article, Doge is traded for $ 0.2041 with a decrease of 3.2 %on a daily basis. However, he recorded an increase of 9.7 %for 7 days. However, the breast Coin fell by 23.8 %last month.
Is it possible to recover?
Although analyst Ali Martinez traders are fits a possible retreat, others continue to be optimistic about the price of Dogecoin. Solbert Invest foresees a potential great movement for Dogge. According to the analyst, the possible bottom point is 0.17 dollars. Dgecoin price is $ 0.57 and $ 0.82. “Doge is testing macro support, if we keep and jump, these goals may be in the game.” he said.
The increase in optimism towards the price of Dogecoin stems from the increasing activity between Doge “whales”. Recently, Dge whales pointed out a potential price increase by collecting more than 150 million token. In addition, Analyst Crypto Patel described the current levels as an important accumulation zone for Doge, and claimed that investors bought the crypto currency with an ascension rally expectation.
Taurus estimates: Breast coin price can reach $ 2.5 and beyond!
In Crypto Patel’s analysis, the price of Dogecoin is preparing to reach $ 2.5 triggered by this accumulation zone. The technical analysis table presented by Crypto Patel shows that Dogecoin repeats historical patterns. According to the graph, 0,320 dollars, $ 0,585, $ 1,501 and $ 2.5 are the critical levels of Dogecoin.
Meanwhile, Crypto Daily Trade Signals, another popular platform, estimates Dogge’s orbit of rising as $ 5. They presented an average directional index (ADX) graph for Doge and emphasized the historical models of breast coin proposing a potential recovery.
