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Dogecoin (DOGE) is once again under pressure, the cryptocurrency market is slipping up to $ 0.1673 amid widespread sales.
The meme-inspired token is more than 1% in the last 24 hours and more than 14% for the month, indicating a decline in retail speed and social media weakens nonsense.
Despite sometimes whale transactions and support from their loyal community, Dogge has fought to make sustainable upside down. The conversation in Reddit and X (East Twitter) is diluted, suggesting a moderation in speculative enthusiasm.
Some analysts now warned a potential slide towards $ 0.1196, a major support level that can attract buyers when stabilizing emotions.
Technical Breakdown: Dogi Eyes supports as triangle pattern
By March 30, DOGE trades at $ 0.1685, which is 0.40% a day. The price action is stuck within a symmetric triangle, suggests a breakout – or the breakdown – can occur on the horizon.
DOGE is currently testing the major ascending trendline support near $ 0.1700. The 50-period EMA at $ 0.1773 acts as dynamic resistance, strengthening the slowdown structure of the coin from late March.
Daily Technical Level:
RSI (14): entering 32-Oversold Territory, which may indicate short-term stabilization or relief bounce.
A continuous move below $ 0.1700 can accelerate negative speed, pushing Dogge to $ 0.1529 and potentially $ 0.1427.
On the other hand, one can open the door for a reet of about $ 0.1824 above $ 0.1728, and a triangle brakeout above $ 0.1948 will fasten the bias more decisively.
Can you still rally towards Dogi $ 1?
Despite the recent weakness, some market participants remain fast. Analyst @aionlinebiz In September 2024, a possible flag brakeout, reminiscent of Dog’s 400% rally, was highlighted.
History should be repeated, a boom towards $ 0.48, and eventually $ 1.00, may be physical. However, such a step will require dogi to recover resistance levels with strong volumes and to recover the narrative speed.
If Dogi represents that historical pattern, it moves to $ 0.48, followed by a stretch target of $ 1.00, in the game. But for this to happen, the tokens should hold significant support levels and break up above resistance with strong volumes.
New Challenger: Can Remitix (RTX) steal the spotlight?
Conspiracy, adding to the new altcoin Remitics (RTX) Has launched its press and is getting traction quickly. Market Cheater suggested RTX Real world utility Dogi can pose a threat to standing – especially the memes struggle to develop beyond the position of the coin.
While Doge still commands strong brand recognition, investors are closely looking at whether new tokens with strong basic things begins to beat it in utility and price performance.
Last view on dogcoin outlook
DogeCoin is technically constrained and emotionally delicate. While oversold signals indicate a possible bounce, the broader structure suggests caution. A break in a break below $ 0.1700 may rift, while offering short -term relief near $ 0.1728.
For investors, the current setup can present an opportunity – or a warning. The next few sessions can prove to be important in determining whether Dogo Dogue achieves his speed or continues his offspring.
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Post Does Dogecoin falls at $ 0.1673: Investment opportunity or time to catch your horses? Appeared first Cryptonuse,