Dogecoin has dropped below $ 0.2 As part of a broader correction of the encryption market, providing a purchase opportunity for investors. However, Cryptographic analyst Decyx had indicated that investors should wait for this to accumulate the most important meme coin.
The analyst reveals what to expect before buying Dogecoin
In a X publicationDecyx told investors that they were waiting for Dogecoin to obtain liquidity below $ 0.187 before accumulating the meme currency. He added that they should look for bullish price action In the lower deadlines (LTF) and point to the imbalance zone between $ 0.213 and $ 0.215. The analyst believes that a complete filling could send Dux to more than $ 0.235.
Decyx also pointed out that The fair value gap (FVG) Above it is not touched and that the high strong of $ 0.2597 is a long -term magnet for Dogecoin. Their statements occur just when the meme coin fell below the psychological level of $ 0.2. This price decrease has occurred after the Bitcoin prices correction of its historical maximum (ATH) registered two weeks ago.
In a X publicationCryptographic analyst Kevin Capital told Dogecoin holders that they want to see that the meme currency cling between $ 0.1901 and $ 0.1839. His accompanying table showed that the failure of this range could send Dog to only $ 0.17. He The analyst has several times the correlation between the price of Dogecoin and Bitcoin.
In another X publicationHe commented on the price of Bitcoin and warned that things could be “incomplete” for flagship cryptography, which means that Dege is also at risk. Kevin Capital said the weekly closure for Bitcoin was less than $ 106,800, which replaces it in the danger zone. The analyst commented that he must return above that level in the next few days to prevent things from becoming incomplete.
Doge could be playing
In a X publicationTrader trader tradigrade declared that Dogecoin could be forming a double bottom in the 4 -hour table. His graph showed that he expects an investment in the $ 0.18 zone, with the meme coin that recovered on the Psychological zone of $ 0.2.
He The analyst also alluded to the daily table of Dogecoinrevealing a hidden bull divergence in Doge relative force index (RSI). He affirmed that the meme currency is creating a higher minimum in the daily graph, while its RSI shows a lower bass. Meanwhile, the revealed analyst That Dogecoin is breaking a symmetrical triangle in the 1 hour table. It is also expected that a break in this triangle will send the currency meme above the level of $ 0.2.
At the time of writing, the price of Dogecoin is quoted at around $ 0.1906, in the last 24 hours, according to data of coinmarketcap.
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