When Wednesday ends, Dog As sentiment in the bearish market continued to increase, the pullback was witnessed, leading to the dog-themed meme coins entering the merger phase. Doge’s price may be a merger, but crypto analysts claim the development is a promising development that could trigger the uptrend to a higher level.
Doge ready to run at $0.4
Dogecoin’s update uptrend seems to have lost momentum as it revisited $0.22 after the market was slightly bearish. Currently, meme coins hover within a narrow price range as investors and traders expect their next major move.
In the latest analysis of X (formerly Twitter) platform, market experts and investor Tardigrade, Overview Doge enters the merge phase after the callback. However, the threshold at the merger stage may be just The intense gathering that is about to happen.
Although the action during this period does not seem to be significant, trader Tardigrade’s analysis marks the stage as a strategic pause before the big breakout. Furthermore, this means that Doge still collects strength in a narrow price range even as the market momentum gradually fades.
Look at his chart, Meme Coin The key level has been reached and some resistance has been encountered in the key area. The recent rejection in the region has resulted in a brief merger in the price range of $0.21 and $0.25.
According to experts, Doge’s short-term merger in a few days is “super healthy for FUTURE price moveAs it hoveres approaches critical resistance levels. Nevertheless, trader Tardigrade expects a breakout in the next few days, suggesting that lateral movement will be short-lived and beneficial. Once Dogecoin breaks through its current resistance, analysts will be sure that it will stimulate it Next major relocation to $0.4.
Dogecoin’s important gathering
The main technical signals on the 1-day chart also point to the potential upward trend of Dogecoin. Trader Tardigrade Highlight In another post, Doge’s “Relative Strength Index (RSI) MA is ready to climb to the top”.
Experts further mentioned that this rising segment could lead to a sharp surge in assets in the short term. His forecast is based on past trends, and in November, the RSI MA turned bullish and triggered a major rally.
As momentum is consistent with the increase in network activity, Doge The rise of new discoveries is likely to continue. Ali Martinez, Links and Technological Expert, Report With the price increase, the huge peak of active wallets has been solved.
Data display Dogecoin active wallet address It has risen to 127,570, indicating increased adoption and interest in the network. The rise in address activity may be a pioneer in wider recovery as more wallets move, suggesting that the meme coins are preparing for their next big move.
Featured images from Pixabay, charts from TradingView.com
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
