Dogecoin (Doge), the most valuable memo coin in the digital asset market, shows signs that it can resume its upward trend.
However, in order for this to be satisfied, Doge remains in an area close to $0.15 and serves as support.
As explained in the Cryptography section, the educational section of encryption, the term support refers to a type of soil or level at which the price of an asset collides or bounces.
With Doge’s recent rise, this range is between $0.15 and $0.17 It acted as a key zone with price influence It bounces back on multiple occasions.
At the time of publication of this memo, Doge priced at $0.19, 73% below the historic maximum (ATH) of $0.73.
Famous cryptocurrency analyst Ali Martinez points out that there are two price levels to consider for Dogecoin’s future, $0.17 support and the future of resistance.
Resistance is a level or cap where assets are difficult to cross, and it often corresponds to investor market psychology.
Levels that were once resisting become support, and vice versa.
This means that if Doge was able to establish an A level at $0.17, he would A sufficient impulse to break the $0.20 resistance.
A technical analyst and YouTuber known as @AmcryptoAlex explains that Doge has tested new tests of several years’ support trendlines.
However, in order to achieve this bullish rebound, It is generally important that the market situation improves.
As reported by Cryptonoticias, on April 2nd, President Donald Trump will implement the following tariffs:
We have to wait until that day, but the import tax is milder and more moderate than those who foresaw the market.
In this regard, financial expert Katherine Bosley said, “The trust is improving as it has become more commonplace as American commercial policy can have in the global economy.”
If the opposite occurs, Bitcoin Price (BTC) and the remaining cryptocurrency could collapse.
In this context, Trump wrote a strong message through a society of truth. “If the European Union works with Canada to damage the US economically, it will impose a massive tariff that is much larger than is currently planned to protect the best friends each of the countries have had!”
The threat is intended to exceed already planned measures, including the 25% tariff on imported vehicles, which will take effect on April 2, 2025.
Considering this scenario, as the date approaches, It’s not surprising that the market has experienced a rapid price movement.
(tagstotranslate) Cryptocurrency
