...on the hourly marked by the green lines. We are seeing DOGE still holding support for a 2nd test at a price range near it's previous ATH. Dashed orange line shows upper limit of current short term downtrend. I think we could beat it. However, even if we do, it is also still very likely we may test this support again at least one more time in the near future. If it is tested a 4th time or more and at any time falls through, the likelihood increases of a full 50%+ retracement from the current ATH. Long term, I am still bullish. Whales have been selling, it's true. However, so far at least, they seem have bought back in to support a higher based market range when they are needed. It makes sense that they would step in to support their position. We get these hyper spikes and dips in DOGE like no other. However, it is my belief that it will continue to benefit from, and possibly, continue to be a leader during, this great ALT coin rally that will likely see a market cycle top by the end of the this year or early next.
This is not financial advice. I am not your financial advisor.
This is not financial advice. I am not your financial advisor.