In the cryptocurrency market, there is a process causing fear and anxiety among many investors, particularly after the halving event. Despite the decreasing expectation of a rise, memecoin projects like Dogecoin are gaining attention. The focus now is on what is anticipated for Dogecoin in the near future.
Dogecoin Chart Analysis
Analyzing the four-hour DOGE chart, it reveals a rising channel formation that provides important insights for investors. While DOGE managed to surpass the EMA 9 average after touching the last support line, it has yet to cross the EMA 21 average.
Key support levels to monitor on the four-hour DOGE chart are 0.1481 / 0.1442 and 0.1388 dollars. A four-hour bar closing below the 0.1481 dollar level, intersecting with the EMA 9, could result in decreased momentum for DOGE.
The crucial resistance levels to observe for DOGE on the four-hour chart are 0.1508 / 0.1545 and 0.1589 dollars. If a four-hour bar closes above the 0.1508 dollar level, it could boost DOGE's momentum and offer opportunities for investors.
DOGE/ETH Chart Analysis
Examining the four-hour DOGE/ETH chart, a falling channel formation is evident, indicating that DOGE is losing value against Ethereum. This chart is significant in the Ethereum ecosystem, where increasing selling pressure might create chances for DOGE buyers.
Crucial support levels to track on the four-hour DOGE/ETH chart are 0.00004492 / 0.00004408 and 0.00004335 ETH. A four-hour bar closing below the 0.00004492 ETH level, previously a support on April 14, would lead DOGE to devalue against Ethereum.
The key resistance levels to watch on the DOGE/ETH chart are 0.00004568 / 0.00004658 and 0.00004734 ETH. A four-hour bar closing above the 0.00004568 ETH level, intersecting with the EMA 9, could prevent DOGE from losing its value against Ethereum.
Comments