cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Dogecoin On The Edge: Major Breakout Or Breakdown Imminent?

-

by

cryptd.in
in

The Dogecoin price could be at a critical juncture for a breakout but momentum needs to persist.

On the four-hour chart shared by analyst Josh Olszewicz, price has been sliding inside a clearly defined falling-wedge formation since printing a local high at $0.25941 on 13 May. The upper and lower boundaries of that wedge continue to drift lower, trapping successive swing highs and lows; the lower rail is presently guiding support at while the upper rail caps the market near $0.219.

Dogecoin price analysis

Within that compression, Olszewicz overlays an Ichimoku system set to short-cycle parameters (20/60/120/30). The most recent completed candle — stamped 17 May 08:00 UTC — settled at $0.21532 after trading between $0.21187 and $0.21676. That close left price lodged squarely inside the cloud, a location that typically denotes equilibrium. Internally, the Tenkan-sen rests at $0.21427, the Kijun-sen at $0.22524, Senkou Span A at $0.22102 and Senkou Span B at $0.21184, creating an unusually tight band of short-term reference levels.

The zone between the wedge floor and Span B around $0.212–0.214 forms a high-confluence support zone that has already produced two intraday rebounds. Conversely, the Kijun-sen and descending wedge resistance intersect near $0.225, erecting an equally visible ceiling overhead. As long as price remains trapped between those two lines, momentum traders are likely to see a low-volatility coil; the first decisive breach — particularly a four-hour close through the upper rail — would satisfy every textbook criterion for a bullish falling-wedge resolution and mechanically projects a return toward the 13 May high.

Dogecoin Looks Still Strong

Cantonese Cat’s weekly perspective speaks to a larger cycle. In his chart, Dogecoin has just finished its first weekly close above the Bull Market Support Band — essentially the 20-week simple moving average enveloped by a two-sigma envelope — since early February. That band currently spans $0.21617 at the lower edge to $0.22378 at the upper edge; last week’s candle settled at $0.22387, a whisker above the cap, converting what had been resistance throughout the spring into provisional support.

Dogecoin analysis, weekly chart

The break occurs while the Bollinger upper band is still descending from the February crest near $0.35, an indication that volatility on the weekly time-frame has only just begun to contract after a multi-month bear unwind. The midline of the Bollinger structure, identical to the 20-week SMA and the top of the Bull Market Support Band, is therefore the single most important pivot for the week ahead.

A second consecutive weekly settlement above $0.22378 would confirm the first as more than a one-off spike and could embolden trend-followers to price in a medium-term push toward the mid-$0.30s where the upper band presently curves.

Taken together, the two time-frames sketch a clear roadmap. Short-term traders will be looking for a resolution of the descending wedge; a bullish breakout through $0.219 would immediately shift focus to prior supply at $0.24-0.26, whereas a failure to hold $0.205 risks an acceleration toward the April pivot at $0.185.

At press time, DOGE traded at $0.217.

Dogecoin price

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (370) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (64) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (62) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (5) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.