Dogecoin (Doge) gives a new rise signal by recovering from the recent decline. Technical analysis and over -chain data show that the change of momentum has begun. Especially the famous analyst Trader Tardigrade said that the intersection of the MACD, which signaled an upward signal in the 4 -hour graph, is approaching. This attracted the attention of investors to Doge.
Dogecoin technical indicators support rise
In technical analysis, the MACD indicator indicates that the momentum has changed upward by making a bull intersection. Such intersections are usually seen as the beginning of price rally. The price of the dog rose from $ 0.29 to $ 0.34 in parallel with this signal. This shows that the acceleration of the rise is strengthened.
In addition, crypto analyst Ali Martinez announced that major investors have purchased 460 million Doge. These large -scale purchases show that the purchase strategy from the bottom is in circuit and the price may rise further. Investors should closely monitor 0.35 and $ 0.37 levels. If Dogan breaks $ 0.41 resistance, the price can enter a rapid rally.
Derivative data also shows that the rise is approaching
The derivative data of the market also strengthen the expectation of rise in Doge. While open positions increased by 0.20 %, an increase of 33.11 %was observed in the option market. This shows that investor interest has increased and the market takes a bull -oriented position.
In addition, short liquidation of $ 2.56 million increases the likelihood of increasing the price by compressing investors playing decline. Although the trade volume decreases, this usually indicates that the consolidation phase is about to end. If Dogge exceeds the resistance levels, a new wave of rise may begin.
What could be the expected movement in Doge?
Dogge is currently trading at $ 0.33 and has gained 1.9 %in the last 24 hours. However, the weekly graph is still 13 %. Technical indicators and large investor purchases show that Doge can enter a new upward trend.
If Dogge exceeds critical resistance levels, the price is possible to reach $ 0.37 and then to $ 0.41. Data in the derivative market and investor interest support this rise. However, investors need to closely follow market sensitivity and resistance levels. Could there be a big movement at the door for Dogecoin?
