Dogecoin saw his price crash again after one Month of upward movement in April. This recession has re -influenced sentiment and pushed investors back into the anxiety area. However, this can only be a small blip in the radar, because the Dogecoin price can be ready for a rebound. A crypto analyst in particular has said that it is possible that the Dogecoin price has marked a soil.
Dogecoin price can be in the soil after crash
Crypto analyst astronomer has called A possible soil for the Dogecoin price after the rejection of $ 0.18. The analyst points out that the last time that the meme coin had similar basic principles in October 2024, before the Dogecoin price increased around 500% to a new local peak of $ 0.5.
This time the Crypto analyst believes that the current basic principles are the same as in 2024, as the Altcoin market would be Bottom. But this time the astronomer expects that the price of the Dogecoin would be higher than before.
At this level it is expected that the Dogecoin price will turn over and many rewards for investors. “Imo, since this is an altcoin and expectations are probably more than 0.5 $, with heavy spotting bags already pays for little risk,” astronomer said. “If you want a defined risk for a defined reward, I think a long presented is also logical.”
Reversing pattern in the making
The price of the Dogecoin views a reversing pattern after the use of a possible bottom. This was marked By another crypto analyst who has shown that the meme -Munt shows a bullish divergence on the graph. At this level it is the RSI that is Bullish and the analyst believes that a break above the 0.206 level would be positive for the price from here.
With the recovery of bullish sentiment, it gives the dogecoin price the push it needs to go up. If the meme coin can close above the trend line in the graph below, it is expected to be Bullish for the price.
The first major target for the price is the resistance of $ 0.2, That’s what the bulls should beat. After this, the level of $ 0.27 comes into play and the ultimate goal is 100% increase above $ 0.33.