Dogecoin price had trouble recovering The level of $ 0.20, with the memes piece, sliding below this key threshold during recent trading sessions. After a Brief attempted push aboveDogecoin found himself consolidating nearly $ 0.17, which is a significant level of support. According to Crypto Ali Martinez analyst, the holding of this level could be the foundation of a major rebound. Martinez shared her analysis on the X social media platform, predicting that if Dogecoin maintains support At $ 0.17, it could contribute to a solid rally at $ 2.74.
The Dogecoin price must maintain support above $ 0.17
The action of dogecoin prices in the last two weeks has been highlighted by a constant drop alongside the rest of the cryptography market. This constant decrease in Dogecoin prices has been lost several levels of support at $ 0.3, $ 0.25, $ 0.22 and, more recently, $ 0.20. With Dogecoin, now trading less than 0.2, the following level of support to keep an eye on is $ 0.17, which could determine whether its long -standing multi -year rise is intact or faces a break.
This multi -year rise trend, which has been in place since 2017, was recently highlighted In a technical analysis on the social media platform X by Martinez. As the Dogecoin price table shows below, the meter part was negotiated in a higher trend line of the peaks of all time and a lower trend line of the hollows on the bear market. The resulting rise range range is divided into an upper and lower end by an average trend line.
In the current state of things, the dynamics and decline in recent markets have seen Dogecoin on the path of withdrawal from the lower trend line of this multi -year rise. Current market conditions place this trend line below $ 0.17.
Picture From X: Ali_charts
Daring price target of $ 2.74
The most optimal condition for an upward trend would be that the Bulls of Dogecoines maintain exchanges greater than $ 0.17. As long as the meme piece is above this threshold, the wider rise structure remains intact and there is enough possibility for a strong upward trend.
Martinez’s analysis suggests that if Dogecoin maintains $ 0.17 support, he could undergo a major escape at any time, pushing He has new heights of all time. Remarkably, the analyst suggested that Dogecoin would be free to move towards a goal at $ 2.74, which would place him above his top of all current time of $ 0.7316.
Although it may seem daring given the Current market conditionsThis target is at the average trend line by dividing the ascending trend range in equal halves. Meanwhile, the upper limit of this multi -year training suggests an even more optimistic scenario with a possible long -term target greater than $ 14.
At the time of writing the editorial staff, Dogecoin is negotiated at $ 0.1847, having decreased by 3.15% in the last 24 hours. If Doge does not hold $ 0.17, it could face another drawback with possible retractions $ 0.14 or even lower.
Felash star image, tradingView graphic
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