You can clearly see that price is respecting supply and demand zones. The last time doge went parabolic it dropped 65%. If it follows that again this time it will put it around the 26 level which is confluent with a ab=cd pattern and the measured move a H&S pattern. From there last time it rose over 300%, which would end up putting doge at 1.2 at the end of the next bullrun.
I don't think that it's going to get to get that low honestly. The whales have a huge incentive at keeping the price around where it currently is, even more of an incentive to get it back higher. Letting it decrease another 50% means that half of their bag value just disappears and I seriously doubt that they're going to allow that to happen. This is an artificial suppression and it's very obvious that price is being manipulated. I think we need to let the whales just do what they do and wait for the major catalysts that will be announced over the coming weeks and months and just enjoy the bumpy ass ride. But any chance of a crash is my opinion is slim to none. The REAL big boys just won't let it happen.
wadecj84
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@theomnisone, what whales. There was 13 people who owned 67% of doge. Those people are now worth billions and single handedly control the market. They sold when all the idiots bought cuz of SNL. There is no institutional money "whales" in doge. It's a bubble that popped. Maybe the reddit and doge army buy it again. It down 30% since I posted that chart. If it closes below 36 expect to drop further.