The price of DogCoin collapsed, but the rare form indicates the jump

The price of Dogecoin continued the trend of falls on Monday, because the crypto and large markets sank.

Dogecoin (Exaggerate) The largest memes in Cripto, fell at a lower than $ 0.1628, the lowest point of 12. March. She fell by over 66% from their highest level in December.

The fall of the dog happened as investors accepted a sense of risk without the eve of the so-called Donald Trump A day about liberationWhen will the reciprocal tariffs on most American trading partners, risking the recession.

These fears caused anxiety in crypto and stock exchange. The Cripto Fear and greed index fell to the fear zone in 24, while the meter focused on stock slipped into an extreme fear zone in 18 years.

However, potential positive for Dogeroin and other cryptocurries is that the growing recession coefficient can push the Federal Reserve to intervene. The Fed historically responded to the main magicues of black swan, such as a co-pandemic and global financial crisis, reducing interest rates and conducting quantitative mitigation.

Technical analysis of the price DogCoin

The daily shows that the dog is in a strong length in the past few months, falling from last year’s high of $ 0.4836 in December at 0.1630 dollars today.

Dogecoin fell under the 200-day exponential average average, a sign that bears control. She also broke a key level of support to 0.2260 USD, the highest swing 28. March last year. This price also marked the upper side of the glass and the calculation of addresses that formed 2023. years.

The lowest Dogeco’s level this year was $ 0.1430, the most important momentum. The most important thing is that it formed a decline in the wedge pattern, a rare sign of the coarse. It is already moving above the upper side of the peg.

The current return is a sign that the coin wants to form a double-bottomed sample to $ 0.130, and whose neckline is $ 0.2057.

Therefore, there is a possibility that a coin will refuse to $ 0.1430 ahead of the announcement of the tariff, and then bounce in April. If this scenario is played, the dogs could be made to 0.2628 dollars, an increase of 60% from current levels.

However, the drop below support to $ 0.1430 would not undo the Bikovskoum look.