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Dogecoin price has fought to recover The level of $ 0.20, with the meme currency, slides below this key threshold in the recent negotiation sessions. After a Brief attempt to push higherDogecoin has been found consolidating about $ 0.17, which is an important level of support. According to cryptographic analyst Ali Martínez, maintaining this level could be the basis of an important rebound. Martínez shared his analysis on the social media platform X, predicting that Dogecoin maintains support At $ 0.17, it could contribute to a strong rally towards $ 2.74.
Dogecoin The price must be maintained above support at $ 0.17
Dogecoin’s price action in the last two weeks has stood out for a constant decline together with the rest of the cryptography market. This constant decrease in the price of Dogecoin has seen multiple support levels at $ 0.3, $ 0.25, $ 0.22, and more recently, $ 0.20. Since Dogecoin now quotes below $ 0.2, the next level of remarkable support to monitor is $ 0.17, which could determine if his upward trend of several years of long data remains intact or faces a breakdown.
This upward trend of several years, which has been in force since 2017, He was highlighted recently In a technical analysis on the social media platform X of Martínez. As shown in the Dogecoin pricing table below, the meme coin has been operating within a higher trend line of historical maximums and a lower trend line than the minimums of the bearish market. The resulting bullish trend range is divided into an upper and lower end by means of a medium trend line.
As it is, the recent dynamics and decline in the market have seen Dogecoin on the way to re -prove the lowest line of trend of this upward trend of several years. The current market conditions place this lowest line of trend around $ 0.17.
Image Of X: Ali_charts
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Bold price of $ 2.74
The most optimal condition for a bullish trend would be that Dogecoin Bulls maintain trade above $ 0.17. While the meme coin remains above this threshold, the broader bullish trend structure remains intact, and there is sufficient possibility of a strong ascending trend.
Martínez’s analysis suggests that if Dogecoin maintains support for $ 0.17, he could experience a great break at any time, pressing It is the new maximums of all time. Surprisingly, the analyst suggested that Dogecoin would be free to move towards an objective of $ 2.74, which would put it above its current maximum of all times of $ 0.7316.
Although this may sound bold given the Current market conditionsThis objective is in the medium trend line that divides the rank of upward trend in equal halves. Meanwhile, the upper limit of this training of several years suggests an even more optimistic scenario with a possible long -term objective above $ 14.
At the time of writing this article, Dogecoin is quoted at $ 0.1847, having decreased by 3.15% in the last 24 hours. If Doge does not have $ 0.17, he could face a subsequent inconvenience with possible remarks to $ 0.14 or even lower.
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