Duragdoge的指数激增提出了一个问题 - 这可能是Dogecoin杀手吗？

Meme coins usually come and go, but now and then, one of them manages to enter the scene in a way that would make even the most prominent names in the field turn their heads.

This year, we've seen several interesting meme coins, but few have managed to heat up the market like DuragDoge.

This new meme coin is rolling in hot, and as its presale continues to perform impressively, investors are wondering - will DuragDoge be able to kill Dogecoin?

Dogecoin (DOGE): Signalling Bullish Trend

Currently, DOGE is down by about 40% in the previous month, and this creates an impression of amplifying the bear phase. Still, the move to a key zone could lead the dog meme coin to rebound once again.

In the latest price analysis, market analyst and cryptocurrency trader Trader Tardigrade indicated a critical order block zone on the bullish pattern of the meme coin.

Trader Tardigrader pointed out that the meme coin went into a critical order block zone for significant buying or selling to set up Dogecoin’s future performance. During periods of high volatility, the order block zones act as a support or resistance level to the pride. When this zone becomes crowded with orders, Trader Tardigrade is sure that DOGE will go higher in the following weeks.

Trader Tardigrade further explained that if there are more sellers than buyers in a specific price zone, the price tends to bounce off this zone and move up.

However, if there are more buyers than sellers, the price will struggle to continue going higher and instead, it will likely drop.

The cryptocurrency trader said that in this case, there are more sellers in the $0.60-$0.70 zone than buyers, which makes it a resistance zone for the meme coin.

Trader Tardigrade concluded that once the meme coin hits this zone again, it will bounce off it and continue going up.

The meme coin is currently trading at $0.74, having dropped from a high of $0.78, signaling that it might hit the $0.60-$0.70 zone once again.

The meme coin had a strong rally in March, seeing a triple-digit return in the past five months.

The cryptocurrency trader said that if there are more sellers than buyers in a specific price zone, the price tends to bounce off this zone and move up.