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Dogecoin flashes again on radar. For $ 0.13 breaks on the edge of the technical abyss … or a reflective bridge. Graphics whisper the contradictory story: indicators in occurrence, weakened historical support, but also signals that preceded the +400 %assembly in 2024. Is it ignored by nugget or speculators? Krypto experts lean first for … assuming the stars are equal.
Kryptogecoin starts contradictory signals
Doga sails in a critical area. Its price is currently testing the key area of the support area: since 2020 the trend line -up line in combination with the exponential mobile diameter in 200 weeks ($ 0.13).
This technical intersection has already served as a springboard for magnificent rebounds. In 2023, in a few weeks, the crypt configuration of crypto was +88 %.
However, the real electrochoc comes from the stochastic RSI. This indicator, often neglected by newcomers, has just traced the bull crossing to the territory (up to 0.30). A rare signal that has been preceded by all the great DOGE rally since 2021.
Santiment data on the chain reveals an increase of 1.24 % of portfolios that have at least 1 million DOGE since the beginning of February, despite a fall in prices. In parallel, the number of active addresses has reached the peak in four months, a sign of a flourishing network activity.
The main obstacle remains: walls of $ 0.22. A level where the mobile diameter brings more than 50 weeks and a tough zone of resistance (March-Duban 2024). For bulls, exceeding this threshold would be equivalent to breaking the magic.
DOGE BET
Dogecoin is not a crypto like the others. He was born from a joke, accepted by Elon Musk, embodies mass psychology in a pure state. Today its reflective potential is not only based on graphics. The foundations, often ridiculed, also play.
The minimum cost ($ 0.01 per transaction) and the ultra-reinforced community make it an unexpected micro-payment tool.
However, the risk is tangible. If the support of $ 0.13 retreats, the fall could reach $ 0.12, a psychological and technical threshold. Short -term holders that can strengthen the descent.
Dogecoin fascinates the same way as it confuses. Undervalued? Technical indicators scream “yes”, but the market remains suspicious. Experts remember the rule: in crypto, the most ridiculous assets are often the one that surprises.
In the short term, everything will depend on institutional streams and taste for risky assets. ETF BTC or unexpected notifications (musk support?) Council could electrify courses. But beware of Mirages: DOGE remains a volatile bet.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.