Il prezzo di Dogecoin rischia il tracollo se non regge questo livello chiave

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Il Dogecoin price (doge) It is among those who have undergone the hardest shots during recent market flexions, despite Bitcoin (BTC) is still close to its historic tops.

At the moment, Doge has already fallen under the support of 0,20 $a clear signal that the bearish have returned to dictate the rules.

The situation becomes delicate: the famous “meme coin” is now on a wire of the razor. There is a crucial level of support on the horizon – if it cannot hold it, the risk of a heavy thud is very concrete.

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Dogecoin remains in the bullish phase, but must defend trendline and key supports

According to analyst Crypto Lingrid, the Dogecoin price is located in a critical area, with some levels that could really make the difference for the future of the Meme Coin.

At the moment the retracement seems to follow a classic scheme called “ABC”, typical of the corrective movements in the markets. However, this bearish movement seems to be losing strength. Despite this, the bearings managed to report the price below $ 0.20putting pressure on the holding of the bullish structure.

According to the Lingrid analyst, despite the recent drop, the price of Dogecoin still maintains a bullish structure. This is because the Crypto marked a “Growing minimum” – a positive sign – precisely in correspondence with the support of the ascending channel.

Lingrid underlines the importance of area between $ 0.188 and $ 0,190: As long as Dogecoin manages to stay above this area, the positive trend remains intact. In addition, the technical structure remains solid: the price is still above both the trendline and the support block, two fundamental elements for those who look at the medium-long term.

Now the real challenge is all in the hands of the buyers: if they want to keep the bullish phase alive, they must resume control over the sellers.

According to the analysis, the Interesting purchasing areas between $ 0.187 and $ 0.19with the price of Dogecoin which is located right in the midst of this crucial area.

To confirm a real relaunch, the bulls (buyers) should be able to report the price above quota 0,195 $ With a bullish confirmation: from there, the goal would be to aim straight towards 0,215 $.

But it's not all roses and flowers. If dogecoin should go down under the growing minimumthat is, under the 0,187 $for the analyst it would be a clear sales signal. In addition, if the price continues to stay below $ 0.195 without being able to break up, the consolidation phase could further slow down the breakout.

Eye also in Bitcoin: A drop in the price of BTC could weaken all the positive scenario Built so far for dogecoin.

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Dogecoin continues to show a strong support area

Also the Crypto analyst Stanley Crypto Confirm that Dogecoin is finding a good level of support, despite the flat trend of the last hours.

Just as highlighted by Lingrid, Stanley underlines the importance of the area between 0,18 e 0,19 $defining it The most solid support area At the moment. This is where the game is being played: the price seems to have stabilized, and many investors are observing carefully if this base will be able to hold up.

This means that buyers (“bulls”) they absolutely have to defend this level of support If they want that the bullish trend has a chance to continue.

Come conclude Stanley:

“The current configuration suggests a potential rise to rise, with higher highest maximums. But if the price breaks downwards under the support, everything could jump.”

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