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Dogecoin’s price records significant losses over several deadlines, as the cryptography market is increased by sales pressure. The same has been one of the least efficient cryptos in recent months, because Bull failed to push its price above critical levels.
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At the time of writing the editorial staff, the Dogecoin price is negotiated at $ 0.17, recording a loss of 13% in the last seven days. On smaller deadlines, DOGE saw a 3% drop on Solana’s head.
Dogecoin price trends to the downside on the daily chart. Source: DOGEUSDT on Tradingview
Dogecoin price on the strings, where is Doge?
According to Eliz high -level analyst, the price of Dogecoin may fall into a dangerous area if it does not maintain its current price. This “alarm zone” is located around $ 0.14, if the bulls do not defend this area, the DOGE may improve in $ 0.12 to $ 0.08 and the revision levels seen for the last time in 2024.
Dogecoin price heading for a critical area. Source: Eliz883 via X
As the image above shows, the analyst hopes that cryptocurrency could bounce back if it affects the “alarm zone”. If this scenario materializes, the cryptocurrency could recover its current levels and increase slightly to the $ 0.2 area.
The bullish momentum could push Doge to the previous summits on low deadlines, thus entering $ 0.20 to $ 0.24. However, traders should remain cautious and closely monitor the upcoming price measures before taking a job.
The Altcoin season could save the price of Doges
Chris Burniske, former analyst of main cryptography at Ark Invest, believes that the Altcoin sector displays a certain force despite the sale of Bitcoin. While the upper cryptocurrency seems to cool, Burniske says that Ethereum and Solana remain relatively healthy.
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This factor could play in favor of a Dogecoin price rebound, even if the crypto strikes the “alarm zone”. The analyst declared What follows on the current Altcoin cycle referring to potential gains for Doge and other cryptocurrencies:
ETH showing more strength than recognized, and soil dealing with major FTX unlocks which were once fud’dd’d without sweating too much. The dynamics of this bull are different from previous races, largely due to Altcoin fatigue, the same mania and tradfi finally “get it”, but the bull is still alive.
Cover the image of chatgpt, Doge / USDT graphic from tradingView
