As we approach the 40 percent mark, new Doge rivals are getting stronger!
Popular meme coin dogecoin, last 1 image selling pressure is happening under console. It is estimated that the decline will continue for the crypto asset, which has lost more than 30 percent in value in the last month. Crypto analyst who draws attention with his cryptocurrency analysis, especially about Dogecoin Josh Olszewicz The latest downward trend indicates a loss of approximately 40 percent.
Diversity in head and shoulders formation
Analyst Olszewicz, who predicted a decline in Dogecoin’s Head and Shoulders formation in his recent analysis, shared two special technical attacks, namely TK crossover and bearish Kuma Break, in a comprehensive technical chart analysis.
TK intersection, also known as Tenkan-Sen and Kijn-Sen, is the name given to a 9-period balance programming amidst broad market movements. In this model, which is used especially to understand the period between the short-term average and the long-term calculation, the intersection is used to describe the decline records. Kumo breakout indicates that the price will break below the averages.
As the analyst shows in the chart model, both models are interpreted as a harbinger of a correct break below. The DOGE price, which is at the level of $ 0.14, shows that a break below the region is approaching with green color in the chart shared in the analysis. If this break occurs, the price $0.10 or $0.09 There may actually be a regression.
Review support zone for Dogecoin
Dogecoin can be purchased for $0.14. Crypto Tony gives this level, which is also confirmed on behalf of analysts, it is of great importance for the asset to continue its upward momentum. Despite this, an increase in selling pressure could change the price of the meme coin by $0.106. Islamic cryptocurrency, whose price was seen at 0.1417, decreased by 5.68 percent in the last 24 hours.
Crypto, which has lost more than 12 percent weekly, may regain an upward momentum if it emerges from the decline it experienced due to the general market sentiment. Otherwise your existence facing a new downtrend Analyst It will further strengthen the possible TK collision scenario explained by Olszewicz.
While Dogecoin weakens, competitors become stronger
Dogecoin, which lost its value under selling pressure, followed a continuous downward movement in a month. However, while Dogecoin is weakening, new big dog alternative coins in the market continue to strengthen. One of them, WienerAI, has emerged as a powerful project combining artificial intelligence and the meme ecosystem. The cryptocurrency, which is in the sales phase and sold for only $ 0.000702, is considered as an asset with a long-desired 10-fold growth potential with the growth in the AI sector.
Visit Get WienerAI Token
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