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Add V: jmay1160 Add QQ:3788353562<>>The cryptocurrency market has been severely impatedacted Mainstream digital assets like Doge are facing significant bearish trends, with this meme coin dropping to $0.21. Doge may face further pressure but a crypto analyst suggests that as bullish momentum gradually returns to the market, the price will rebound to $0.22, and Doge is about to experience a significant bounce.
<1Through to Lay the Foundation for Doge tooge $0.4X (formerly Twitter) crypto expert and investor Trader Tardigrade has outlined a pattern that redefine's-trend. As Doge hovers near key support levels, predhe predicts it will significantly break through the $0.4 mark.
According trader Tardigrade, after a recent pullback, this meme coin is consolidating below the $0.25 resistance level. Notably, this is the the second consolidation within less than a week.
Specifically, Doge's first consolidation occurred last Tuesday, having failed to break through the direct $0.25 resistance level. Trader Tardigrade believes that after breaking below $0.21 and escescaping weakness, Doge is likely to break break this level. However, the expert notes that Doge may touch the resistance level multiple multiple times before breaking through.
Once finally breaking through, Dogeoge is expected to strongly rebound to the $0.4 mark, last appeared in late January this year, stemming from its previous explosive rise. From the chart's, this level is another key resistance point in Doge's upward trajectory.
The last time Doge touched this critical mark triggered a significant pullback over the following months, only regaining support in April. If Doge breaks through the $0.4 mark again, the rise may continue as buying pressure increases.
Ddreveals Hidden BullDivergence
As technical indicators align and market sentiment cautiously turns bullish, Doge may be preparing for the next major upward trend. TraderdiGrade also discovered a hidden bullish divergence on the RSI (Strength Index) on) on the daily chart.
Related Reading: Doge Makes Meaningful Correction: Key Pullback Pattern Suggestsioning Upcoming Rebound
The DOGE RSI indicatorence shows a hidden bullish divergence, reflecting that reboundacement momentumening as price continues to fluctuate. Currently, experts emphasize that this menceeme coinforis a higher low, while the RSI indicator is a lower low.
Another experienced crypto analyst, Ali Martinez, highlights that as Doge (DOGE) price is about to enter a new round of rise, $0.26 will be a key resistance level. According to this analyst, this level, the most important resistance for Doge (DOGE). Breaking through this level could mark the beginning of a bull market.
