Dogecoin He has faced persistent bearish pressure during the last weeks, which makes the key support levels resist. However, with the general cryptography market witnessing a rebound, the coin of memes with dog theme has managed to recover the ascending impulse, that analysts believe that it could be part of a greater trend.
An imminent recovery phase for Dogecoin
After fighting to recover the ascending impulse, the teacher Kenobi, an expert in cryptography and merchant, has provided A great rally for Dogecoin. With the meme currency now changing towards the rise, the expert provides a transfer to a short -term historical maximum.
The teacher Kenobi points out an imminent recovery phase that could stimulate the anticipated concentration of a new historical maximum. With Dege that currently maintains critical support levels and purchasing pressure, Memes currency could soon exceed the previous resistance areas, preparing the scenario for the Older rally anticipated.
His prediction is based on the trends of the last cycle, for which Dege witnessed a strong rebound after greater volatility as seen in recent weeks. Specifically, Kenobi has attracted the recent volatility in the 2025 cycle to the 2017 market cycle. During the 2017 cycle, Dogecoin experienced a robust fall of approximately 84% after its first pump phase, which lasted 112 days.
Meanwhile, the decrease in 2025 is currently 64% after the first phase of Doge pump in this market cycle, which has now lasted approximately 98 days. Although the expert is not sure if the fall of Doge has touched the bottom, he stressed that several indications of other graphics point to the possibility that he has reached his butt.
Despite the important price decrease, Kenobi is confident that the The same corner It will never fall below its previous maximum of all time, reflecting Doge’s resistance. In the event that Dege has touched the bottom, the analyst anticipates a recovery phase that will last approximately 98 days as the recent fall.
A repetition of this trend will press Dogecoin towards a new maximum of all time In the current cycle. Kenobi has drawn a period of time for a historical maximum between June 2 and 5. It is worth noting that the analyst considers that Dege as one of the few currencies reached new maximums this cycle, since the upward market seems to continue after a summer pause.
The feeling of investors rises to Doge’s prospects
In the midst of the great fall in the price of Doge so far, the data in the chain shows that investors are demonstrating an upward feeling towards the meme currency. Technical Analyst and Investor Ali MartÃnez reported Development on platform X after examining a change between large investors or whales.
Ali MartÃnez revealed a great accumulation of 910 million DOGE by whales during the weekend. This significant number of currencies was bought in 2 days, indicating renewed optimism and trust of great investors in the long -term perspectives of Dogecoin.
Since this movement of whales has historically preceded the short -term manifestations, a notable Price recovery could be on the horizon. At the time of writing this article, Dege was quoted at $ 0.23, showing an increase of more than 15% on the last day.
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