Zilliqa [ZIL] Dogecoin [DOGE] Price Analysis Prediction

hello everyone. before moving on to the video we ask you to
support us and subscribe to our channel please. Zilliqa price had a massive rally towards
$0.161 on February 13 and topped out at $0.157 on February 20, forming a potential double
top. This pattern was confirmed on February 23
after the bears broke the support neckline at $0.12 and had a ton of follow-through down
to $0.09. The previous support neckline of a double
top pattern will usually become a strong resistance point on the way up. Zilliqa price just got rejected from $0.121
and bear can see a lot of continuation. The 50% Fibonacci retracement level perfectly
coincides with the key resistance level at $0.121 adding even more credence to the bearish
outlook.

The next potential bearish target is down
at $0.10 and eventually the previous low of $0.08. To invalidate the bearish outlook, Zilliqa
bulls must climb above $0.121 and see a candlestick close on the 4-hour chart. The next barrier is located at $0.13, which
is the 61.8% Fibonacci level before a jump towards $0.16. As the entire cryptocurrency market suffered
a massive sell-off, Dogecoin price also plummeted from a high of $0.06 to a low of $0.041. However, thanks to another endorsement from
the boss of Tesla and SpaceX, Elon Musk, the digital asset managed to recover almost instantly. On the 12-hour chart, Dogecoin price had a
V-shaped recovery from a low of $0.041 and is now facing one last critical resistance
level at $0.06.

A breakout above this point could quickly
push Dogecoin price towards $0.09. IOMAP chart shows only one key resistance
area between $0.058 and $0.0599 which coincides with the barrier specified above giving a
lot of credence to the bullish outlook. The most recent tweet of Elon Musk and his
change of bio had a positive effect on Dogecoin but not as much as the previous ones, which
indicates that perhaps Musk's power over the digital asset is fading away. Failure to hold the 50-SMA support level at
$0.0557 would be a bearish indicator with the potential to drive Dogecoin price down
to the 100-SMA all the way down at $0.034. Subscribe to our channel and open notifications
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investment tools. İn this video references an opinion and is
for information purposes only. It is not intended to be investment advice. Every investment and trading move involves
risk, you should do your own research while making a decision..

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