Thank you DogeFather for giving the word a heads up! After the initial drop, the trend line held strong and formed a hammer shortly after. Now that all moms and pops are out, businessmen are going to discover Doge by watching SNL and then this coin is going to take off toward $1 (+100%). Well, enjoy the ride!
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Doge and other "meme stocks' are not about fundamentals. It's the psychology of the crowd that runs its price. This will bounce back up once the dust settles. There is way too much money involved here and still a lot of interest. I said this in the comments but I repeat it here. Nothing goes down straight to zero when billions of dollars are involved.
Retraced 30% so far- what fundamentals are there to say it will moon?. Many are holding bags. It's now trading 45-46 C.Dog days are over my friend unless you can tell me that graph fundas are pointing to definite mooning,which I doubt
brianfarkas3d
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@Ru450, Lots of people have been flooding tradingview with absurd speculation charts. Its getting old at this point.
Realamh
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@brianfarkas3d, and a lot of people are also ignorant and uneducated. They make overgeneralized comments without doing any research.
brianfarkas3d
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@Realamh, Ah yes, a plan revisited. I see your graph follows the path of the airplane wing bravo.
Realamh
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@brianfarkas3d, at the time of the analysis, the trend line held strong but now it's broken. I still stand by my comment. Do your research.
Realamh
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@Ru450, Memes don't operate like that. It requires some level of out-of-the-box thinking to understand meme stocks' price movement. This will burst no matter what but when the dust settles this time, Doge will go back up. This has to do with the psychology of the market than any fundamentals. If you are looking for fundamentals in Dogecoin, you are not getting its concept.
gansinaocan
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no god please
Realamh
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@longkunshiwo1234567, Nothing goes straight down to zero, especially when billions of dollars involved and a giant billionaire is backing it up. It goes down, it settles and goes back up. Unless, the entire crypto market crashes, which happens when we reach economic stability in post-covid era. We're far away from that!