The price of Dogecoin is close to the collapse point with tightening the price of the price in a declining pattern star-news.press/wp

Dogecoin is at a critical turn where Doge Price hovers higher than the main support in a descending triangle, with a declining momentum indicating a possible collapse of $ 0.145.

PRICE DOGECOIN (DOGE) form a descending triangle style on the daily chart, with the price pressure towards the top. The descending triangle is a declining continuous pattern and has been formed in a wider decline as it is clear by trading in prices much lower than 200 SMA (about $ 0.248).

The relatively flat horizontal support zone is about $ 0.165 – $ 0.17. The price has increased several times from this support and is currently returning again, as the small candles that form directly are formed, with a broader support area with the lower border of the descending triangle.

This means that the price of Dogecoin is approaching the potential collapse point. The rest that is less than this support would confirm a declining collapse of the descending triangle style, which may lead to increased pressure pressure.

source: Tradingvief

If the price of memecoin is closed less than the level of $ 0.165, the door may open to move towards the following important support about $ 0.145, as specified in the previous demand area within the triangle.

However, as long as the area is 0.165-0.17 dollars, there is still an opportunity to wear the range. However, the broader bias remains unless the descending triangle style is not nullified by collapse over the resistance of the descending trend line with a daily closure over it.

From the point of view of the indicators, the landline scenario appears more likely at this stage. The price is traded much lower than both EMA in the short term for 20 days and SMA in the long term for 200 days, both of which are heading down. RSI hovering about 36, approaching sales levels. MACD also remains in negative lands, with the signal line over the MACD line and there is no bullish intersection on the horizon.

https://crypto.news/app/uploads/2024/02/crypto-news-dogecoin-option09.png

2025-06-20 13:03:00

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