DOGE either falls or rises in the coming hours
DOGE/USDT formed a flag and it is in a downtrend with no indicators of an uptrend.
after the flag is complete it probably either;
goes back up to 0.07
OR
goes back down to 0.03
--------------------------------
Elon mentioned that for DOGE to become more decentralized, the big shareholders such as that one wallet which has exactly 25% of all the DOGE supply should short their DOGE at some point. If this happened DOGE would loose its value in the short term because a huge amount of whales would go short BUT in the long run this would only be beneficial for DOGE and its price becoming more stable.
I have absolutely no idea where DOGE is headed next but after seeing that this social media hype and even Elon tweets are loosing their power on pumping DOGE, I can only hope the best for it.
--------------------------------
Remember this coin is an actual joke and has no utility at all.
In the case of a bear run, doge would be one of the first to drop down to where it came back from.
-not a trading advice-
after the flag is complete it probably either;
goes back up to 0.07
OR
goes back down to 0.03
--------------------------------
Elon mentioned that for DOGE to become more decentralized, the big shareholders such as that one wallet which has exactly 25% of all the DOGE supply should short their DOGE at some point. If this happened DOGE would loose its value in the short term because a huge amount of whales would go short BUT in the long run this would only be beneficial for DOGE and its price becoming more stable.
I have absolutely no idea where DOGE is headed next but after seeing that this social media hype and even Elon tweets are loosing their power on pumping DOGE, I can only hope the best for it.
--------------------------------
Remember this coin is an actual joke and has no utility at all.
In the case of a bear run, doge would be one of the first to drop down to where it came back from.
-not a trading advice-