Analyst Alex Clay presented a positive analysis of the price of Dogecoin, indicating structural changes that may suggest growth for the asset.
Key Transaction Levels
Currently, Dogecoin is trading between two key zones. The lower zone ranges from $0.16 to $0.19, while the upper zone is between $0.28 and $0.33. Support and resistance levels are crucial for understanding the future price movement.
* **Support:** $0.20–$0.22 and $0.16–$0.19; * **Resistance:** $0.28–$0.33.
Short-term and Mid-term Forecasts
In the short term, testing the $0.28–$0.33 level is expected soon. If buyers successfully establish this value as support, the next price movement could lead to levels around $0.36–$0.42. However, if the asset fails to break this range and falls back below $0.22, a slowdown in growth may occur with a subsequent test of the trendline level around $0.19–$0.20.
Positive Trends in the Market
Charts show that Dogecoin is acquiring a solid accumulation structure and, along with rising lows, is forming reliable trends. Notably!
1. Increasing support signals growing buyer interest; 2. The ‘cup’ structure on the chart indicates potential for further growth.
Positive signals on Dogecoin's price chart may indicate significant growth potential. It is important to monitor key levels that could determine the further dynamics of the asset.
