Dogecoin prices have been one of the most compelling prices in recent market trends, even if Bitcoin prices are very close to their new all-time highs. Dogecoin has so far priced below $0.2 support, indicating that the bear has regained control again. This puts the Meme coin in a dangerous position, primarily supporting horizontal swimming, thinking it must bear or risk a massive fall.
Dogecoin’s price remains a trend line and a bullish support block
Crypto analyst Lingrid outlines the location of Dogecoin currently and the level of what is now the defining factor of the meme coin. Currently, the callback appears to be the result of ABC decline. However, this pullback appears to be losing steam, especially when the Bears delayed the price below $0.2.
Lingrid explained that despite this pullback, dog prices remain bullish, especially because of Altcoin’s lows in rising channel support. The $0.188-$0.190 area is still important, and support for meme coins remains supported as long as this level is maintained. Besides that, Lingrid also said that the dog structure remains bullish as prices remain above the trendline and support blocks.
Now it is mainly to allow buyers to gain control from the seller to keep the bullish going. In this case, the offer price of several purchasing zones is between $0.187 and $0.19, and Dogecoin’s price is correct in the middle. The Bull only needs to recover $0.195, and the bullish confirmation is done before it can be completed and then shot at $0.215.
However, if the price of Dogecoin falls below, there is still a risk of eliminating this bullishness. If it is below $0.187, crypto analysts say it is a sell signal. The expected merger below $0.195 will delay the breakout, while a decline in Bitcoin price may weaken the overall structure.
The Governor still showed strong support
Another crypto analyst, Stanley Crypto, shows that Dogecoin prices are still adding a lot of support. Like Lingrid, Stanley believes that $0.18 and $0.19 are important levels for meme coins. Due to the fixed price, this is the strongest support area now.
This means that if bulls are to continue to be bullish, the bulls must maintain this level. “This setting indicates that the potential uptrend has a higher high, but supporting the following support may invalidate the move,” Stanley concluded.
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