Can bulls push toward $0.25, or will $0.20 crack first?
The post Can bulls push toward $0.25, or will $0.20 crack first? appeared on BitcoinEthereumNews.com. DOGE price prediction analysis is once again in the spotlight as the meme-coin king flirts with key support and resistance levels. Currently, Dogecoin (DOGE) is trading around $0.22–$0.23, down about 2–3% over the past day. The technical structure—a possible triangle breakdown—suggests we may see heightened volatility soon. The market is torn: will Dogecoin rebound or continue its descent? Summary Dogecoin’s current range is $0.22–$0.23, with resistance close to $0.225–$0.23 and support at $0.20–$0.21. Catalysts: A $200 million whale transfer to Binance caused selling, although some accumulation is still going on; network data indicates open interest and waning activity. Potential for growth: Some analysts see a longer-term push toward $0.45–$0.50, while a breakout over $0.225–$0.23 might reach $0.24–$0.25. Downside risk: If the $0.21 support is broken, DOGE may drop below $0.20 or the mid-0.19s, maintaining the negative trend. Current DOGE price scenario DOGE 1d chart, Source: crypto.news DOGE is currently consolidating between $0.22 and $0.23. Strong support is located between $0.20 and $0.21, while resistance is located between $0.225 and $0.23. A $200 million whale transfer to Binance earlier this week served as a significant catalyst, causing selling and bringing DOGE down from about $0.25 to its present level. However, some addresses that have conflicting intentions are still being collected. Also, network activity indicates that momentum is waning: on-chain activity and open interest have been declining, which highlights persistent negative pressure. Upside outlook Bulls still have possibilities even in the face of temporary weakness. DOGE is likely to climb toward $0.24–$0.25 in the near future if it can recover above the $0.225–$0.23 resistance zone. Triangles, cup-and-handle configurations, and rounding bottoms are examples of technical setups that suggest possible continuation if momentum picks up. With upside objectives between $0.45 and $0.50—more than 100% above current levels—some analysts are still hopeful that DOGE…
The post Can bulls push toward $0.25, or will $0.20 crack first? appeared on BitcoinEthereumNews.com.
DOGE price prediction analysis is once again in the spotlight as the meme-coin king flirts with key support and resistance levels. Currently, Dogecoin (DOGE) is trading around $0.22–$0.23, down about 2–3% over the past day. The technical structure—a possible triangle breakdown—suggests we may see heightened volatility soon. The market is torn: will Dogecoin rebound or continue its descent? Summary Dogecoin’s current range is $0.22–$0.23, with resistance close to $0.225–$0.23 and support at $0.20–$0.21. Catalysts: A $200 million whale transfer to Binance caused selling, although some accumulation is still going on; network data indicates open interest and waning activity. Potential for growth: Some analysts see a longer-term push toward $0.45–$0.50, while a breakout over $0.225–$0.23 might reach $0.24–$0.25. Downside risk: If the $0.21 support is broken, DOGE may drop below $0.20 or the mid-0.19s, maintaining the negative trend. Current DOGE price scenario DOGE 1d chart, Source: crypto.news DOGE is currently consolidating between $0.22 and $0.23. Strong support is located between $0.20 and $0.21, while resistance is located between $0.225 and $0.23. A $200 million whale transfer to Binance earlier this week served as a significant catalyst, causing selling and bringing DOGE down from about $0.25 to its present level. However, some addresses that have conflicting intentions are still being collected. Also, network activity indicates that momentum is waning: on-chain activity and open interest have been declining, which highlights persistent negative pressure. Upside outlook Bulls still have possibilities even in the face of temporary weakness. DOGE is likely to climb toward $0.24–$0.25 in the near future if it can recover above the $0.225–$0.23 resistance zone. Triangles, cup-and-handle configurations, and rounding bottoms are examples of technical setups that suggest possible continuation if momentum picks up. With upside objectives between $0.45 and $0.50—more than 100% above current levels—some analysts are still hopeful that DOGE…
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