- Dogecoin volume increased by %676 in the last 24 hours.
- Will Elon Musk continue the rising trend of Dogecoin?
- Will Dogecoin be able to break the critical resistance level at 0.11$?
What will be the future of Dogecoin? Can Dogecoin rise to the levels of 0.20$ in the future? Current Dogecoin Price Analysis!
Dogecoin Price Analysis! This Level Must Be Broken for Rise!
3-Day DOGE/USD Price Graph Source: TradingView
After Elon Musk changed his Twitter logo with Dogecoin’s logo, DOGE price increased by %38.
Although many investors think that Dogecoin has started a new rising trend, some investors believe that Dogecoin must make weekly candlestick closings above the critical resistance level of 0.11$.
When we examine the current price graph of Dogecoin, there is a critical resistance zone at 0.112$. If Dogecoin makes weekly candlestick closings above this resistance level and continues to make candlestick closings above it, Dogecoin can continue its rising trend.
Dogecoin price was moving around 0.099$ at the time of writing. When we examine the trading board of Dogecoin, we encounter strong selling at the 0.10$ zone.
If Dogecoin breaks the 0.11$ resistance level in the medium-term price graph, its next target will be 0.1367$. For Dogecoin to continue its rising trend, it needs to make weekly candlestick closings above the 0.11$ level.
If Dogecoin makes weekly candlestick closings above the 0.1367$ level, its next rising target can be 0.15$.
Short-Term Dogecoin Price Analysis!
15-Minute DOGE/USD Price Graph Source: TradingView
When we examine the price graph of Dogecoin in a 15-minute time frame, Dogecoin continues its horizontal movement within a triangle formation.
If Dogecoin cannot make 1-hour candlestick closings above the 0.105$ level in the short time frame, it can realize a downward movement to the 0.0894$ level.
The nearest support level of Dogecoin in the short time frame is at 0.094$ levels. The triangle formation mentioned in the Dogecoin analysis can be followed as targets in the regions mentioned in the analysis, depending on which side Dogecoin breaks.
