However, for the upward trend to continue, maintaining the support levels is critical. In the event of a pullback, the $0.4376 level is being watched as the first support point. If the price falls below this level, $0.4295 will emerge as an important support zone. Buyers are expected to step in strongly around these levels.

From a technical analysis perspective, for Dogecoin to sustain its upward movement, it is crucial to see a strong close above the $0.4535 resistance. If this happens, it is likely that the price will target the previously tested $0.48 resistance. In a broader context, breaking this level could potentially push DOGE price towards the $0.50 level.

Momentum indicators are currently providing buy signals, but in a high-volatility market, closely monitoring support and resistance levels is essential. In the case of selling pressure, reactions from support levels should be closely observed.

Dogecoin investors should focus on both short-term targets and long-term price movements, especially the critical resistance and support zones. Careful strategies should be developed around these decisive levels in price movement.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post DOGE Surges 10.33% to $0.45, Eyes Critical Resistance at $0.4535 appeared first on Coin Engineer.

Analyzing the current price action, the 0.0167 level emerges as the initial support point. Maintaining this level is crucial for Pepe’s continued upward trend. If the 0.0167 level breaks downward, a deeper pullback towards the 0.0125 region could occur.

Robinhood’s listing, announced yesterday, had a positive impact on Pepe. Investors see this development as an opportunity for Pepe to reach a broader audience and increase its liquidity. However, the minor short-term pullbacks should be considered normal market corrections.

Whether Pepe continues its upward trend will depend on whether these support levels hold. If the support levels are lost, a broader correction may be anticipated.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post PEPE on the Rise: PEPE Price Analysis! appeared first on Coin Engineer.

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Perpetual Protocol, founded by Yenwen Feng and Shao-Kang Lee in 2018, is a decentralized exchange that facilitates crypto trading with perpetual contracts on the Ethereum network and allows users to keep their transaction costs low thanks to the xDai technology.

Perp, the native token of Perpetual Protocol, an important project in the DeFi category, showed a performance of approximately 330% from September 2023 to today. Perp, which started the first week of 2024 with an increase, continues to delight investors.

Is the Perp Rally Starting Soon?

Perp experienced a pullback to $1.0328 after being rejected at the $1.72 level, the upper resistance point of the price range where it accumulated significantly on the weekly chart. Later, with Bitcoin continuing its upward movement, the price gained momentum again and approached the resistance area.

The price, which moved again with the pullback movement it made to the EQ (equilibrium) region of the daily range structure after receiving a rejection from the $1.72 resistance level, is currently trading at $1.47. It can be said that the price is positive as long as it does not lose the intermediate support region of $1.334.

If the upper resistance zone of $1.72 is broken with volume support and then, with the daily closings to come, this resistance level turns into an S&R Flip zone and turns into a support point, a rally is possible for $PERP.

The first area where profits can be taken is the $3.08 level, which is the area where the price may want to go as far as the channel length. Then, the $3.6 level catches the eye as an important resistance area that could hold the price. It is worth reminding that it is important to see high-volume closings and check the market structure before taking a trade.

The post Is a Perp Rally Coming Soon? Here Are Key Levels for Perp! appeared first on Coin Engineer.