It is key that Doge does not lose the level of USD 0.14, or could enter bassist territory.
If the macroeconomic environment accompanies, Doge could easily return to the USD 0.25.
Dogecoin (Doge), the memecoin with greater market capitalization, is giving positive signs that suggest the conformation (or, perhaps confirmation) of a bullish trend.
This hypothesis is based on a pattern that is repeated in the technical analysis: in the last year, Doge has bounced three times – the most recent a few days ago – on an ascending line of trend which is drawn from the minimum price.
The rebounds show that the price minimums are higher, which shows that the demand for the most famous memecoin in the market remains firm and is consolidating a bullish structure, as observed in the following graph of TrainingView:
Looking ahead, it will be key that Doge can maintain the support of $ 0.14 since, to lose that level, it could mark the beginning of a deeper bearish phase.
However, if the price is maintained and the macroeconomic context begins to blow in favor, The memecoin will have enough impulse to look for the area between 0.20 and 0.25 dollarsa level that on previous occasions worked as a roof that stopped those climbs.
Now, why is it important that the macroeconomic context accompanies? Because financial speculators prefer a stable environment to invest in risk assets, such as memecoins. When there is economic uncertainty or geopolitical tensions, investors choose to seek refuge in other instruments, such as treasure bonds, which are less exposed to market volatility.
Another news that could act as a price catalyst is the possible launch of Doge Stock Exchange (ETF) funds in the United States. As you have reported cryptootics, companies like Bitwise and Rex Shares They presented before the Bag and Securities Commission (SEC) a request to list these financial instruments.
If approved, Doge would gain visibility among more traditional investorssomething that can favor your price.
