Dogecoin has an insane run over the past few months from 23 sats to 700ish sats.
Doge also caused the last week btc retrace because all the money went to doge from btc.
That is why when all crypto markets falling dogecoin was rising.
But now markets are getting less volatile and dogecoin seems to enter a consolidation period.
To be honest i m expecting price retrace until between 300-250 sats area after consolidation but i dont recommend shorting especially this coin because this coin is open to manipulation!
I definitly not buy from this price because this coin can only go low in the long term.
Also volume is decreasing a lot lately. Without volume bull run can not continue! Rsi says we are overbought too.
Be careful in this times because right now we are in a bear market which is actually needed!
Doge also caused the last week btc retrace because all the money went to doge from btc.
That is why when all crypto markets falling dogecoin was rising.
But now markets are getting less volatile and dogecoin seems to enter a consolidation period.
To be honest i m expecting price retrace until between 300-250 sats area after consolidation but i dont recommend shorting especially this coin because this coin is open to manipulation!
I definitly not buy from this price because this coin can only go low in the long term.
Also volume is decreasing a lot lately. Without volume bull run can not continue! Rsi says we are overbought too.
Be careful in this times because right now we are in a bear market which is actually needed!