Dogecoin (DOGE), which targets even higher levels with the accelerated movement of Bitcoin (BTC), may explode in a short time.
DOGE was the most striking name among the memecoins that took off as BTC challenged $39,720. DOGE, which continues to maintain its technical structure in a positive way, may experience serious increases if it receives support from the fundamental side. Which levels are important to follow for DOGE, which has been in an upward trend since October 19? What is the latest situation on the technical analysis side?
A driving force is waiting!
DOGE, which has been pricing upwards with Elon Musk’s social media posts until now, has not been able to see this support for a long time. However, with BTC’s incredible momentum, memecoin, which occasionally tests upper levels, may make a move to critical resistance areas. A move regarding DOGE from the popular face of the industry, Musk, or
BTC’s loosening towards $36,500, DOGE’s failure to find fundamental analysis support, or the industry-wide news flow turning negative will naturally increase the selling pressure on DOGE. In such a scenario, the levels where a withdrawal can be expected are $0.07893 – 0.07390 – 0.06985 and $0.0655 respectively. If $0.0655 cannot be maintained, there may be a decrease to $0.05805.
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