Calm before the storm: Why is the price of Dogecoin preparing for another explosion above $ 0.4
Crypto Analyst Crypto Paradise has sparked the ability Psychological level $ 0.4. The analyst highlighted a bullish style, which proves that the first Mimi currency can witness this equivalent step.
Why can the price of Dogecoin collect soon over $ 0.4
in Tradingvief PostCrypto Paradise expected that the price of Dogecoin could soon gather over $ 0.4 and explain why this equivalent step is on the horizon. The analyst revealed that Dougi is currently being formed Detarate channel patternAnd things began to look “interesting” for Mimi’s first coin.
Also note that the price of Dogecoin has printed a difficult candle in the supportive direction line, with the support of that The upscale difference And the main support area. Crypto Paradise noticed that these are all strong signals that the upscale step can be on the horizon of the first Mimi coin.
Crypto Paradise has also confirmed that the price of Dogecoin is likely to bounce from the powerful support zone if it witnesses more panic in selling panic or a deeper decline. However, to confirm this potential transition to the upward trend, the analyst noticed that the market needs to be seen “I-CHOCH”, a W or style, or Reverse head and shoulders Forming on the lower time frames before looking at a bullish step.
Meanwhile, on the other side, the encryption analyst stated that this upscale view of the Dogoin price can be nullified if Doge closed a candle less than a powerful support area. If this is run, it is advised that it is better to back down and wait to develop a better price procedure instead of forcing it to trade.
A possible scenario
In the X Publishing, the encryption analyst Master Kinobi A potential scenario of Dogecoin price and future path. First, he stated that Dog can repeat the pattern last year, with a peak reached by the end of February. For the second scenario, the analyst stated that the first Mimi currency can repeat the August phase, as the pump follows an extended unification, with Dog reaching its peak in April or May.
The encryption analyst noticed that it tends towards the second scenario. Looking at the August stage, he pointed out that the price of Dogecoin recorded a 6X price increase after a violent decrease. Measuring 6x transmission from the current local bottom in Dog, Master Kenobi expects that Dogecoin can collect into It is $ 1.25 Before its peak in mid -April or May.
The analyst also raised the possibility of a scenario in the early bear market. However, he refused this because he saw that it is not wise to entertain such a possibility only given that this is 2025.
At the time of writing this report, the price of Dogecoin was trading of about $ 0.26, which is more than 1 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
