Dogecoin price prediction: Here’s why bulls should prepare for a 20% rally

• Dogecoin’s weekly structure showed some hope and consolidation conditions in the coming weeks.
• Swing traders would be hovering DOGE reactions for $ 0.142 and might seem to enter long positions.

Dogecoin [DOGE] The support level of $ 0.142 will start again from April, which was low at the time.

Ambrpto’s analysis has shown that there is a reason to think that dogecoin is still traded within the range, despite its May assembly.

The weekly chart showed the Bull Rocking Structure, as emphasized by the level of the Fibonacci retraction level, which was brought out of the low and high and high movement of this rocking movement at the end of 2024.

The front memecoin did not fall below a low 0.089 $, but its internal structure (substructure) was bearish.

In order to turn this internal structure, dogecoin must push over $ 0.259 with a local maximum.

Obv giant tested the minimum since March, while RSI outlined bear momentum had the upper hand. Low trading in the last two months has proposed a potential consolidation phase.

The formation of the range of March and April was worth exploring deeper.

Expansion of scope helps to predict the price of dogecoins

Previously, the middle class level was considered the peak of the extent created in March and April. The escape in May reached $ 0.259 before retracting his rally and reaching $ 0.142.

The extension of the scope showed that the former extent became the middle level, which has been supported as support and resistance in recent months.

While the giant was at the March minimum, the CMF showed a strong shopping pressure in recent days, reading +0.13.

Therefore, even if the moving averages could be dynamic resistors, it seemed likely that the DOGE would gather a $ 0.2 van.

The 3 -month heat map of liquidation showed that the liquidity pocket from 0.145 to $ 0.162 was swept.

Smaller clusters of liquidity have created a directing of $ 0.173 and $ 0.182, which could be an immediate price to jump.

Another remarkable magnetic zone lay at $ 0.21, which was well lined with the middle range resistance.

Therefore, the swing traders could try to buy dogecoin, with a stem of a loss of $ 0.154 (below the daily gap of real value), with a region of 0.198-0.2 USD as a target.

Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer