Technical Analysis and Price Predictions for Dogechain (DC/USDT)
In this technical analysis, we will explore the current status of Dogechain (DC/USDT), an EVM-compatible proof-of-stake blockchain designed to enhance Dogecoin's scalability, security, and utility. It aims to complement Dogecoin by adding smart contract functionality and supporting DeFi, NFTs, and...
Today I will share with you one theory regarding the adoption of cryptocurrencies by large corporations and how McDonald's is moving towards the adoption of DOGE through the MEXC:GRIMACEUSDT coin invented by them.
On January 25, 2022, Elon Musk tweeted the following:
“I will eat a happy meal on tv if @McDonalds accepts Dogecoin”
On 01/26/2022, the official...
What is DogeChain?
DogeChain branded as Layer 2 for DogeCoin aims to supercharge $Doge by bringing crypto applications such as NFTs, games, and DeFi to the $Doge Community. This provides $Dogechain holders with more utility than simply holding their coins and waiting for them to increase in value.
Even though it is described as a Layer 2 network, it isn’t truly...
Dogechain looks to be going for another big move up as it's formed a nice looking Bullish Bat on a Significant Timeframe and it might be a Double Bottoming at the Highs. I think it will come up to the highs of the range and potentially even a 1.618 Fibonacci Extension.
Dogechain is reflecting RSI divergence on daily time frame. Buying Zones are given on chart. Once it bounces back from there, we may see the target achievements with RR of 2.8 as per chart. DYOR
The Shiba Inu team announced the release of a Layer 2 network called Shibarium. Shibarium will run on top of the main Ethereum network, ensuring full interoperability and facilitating user and capital migration. The primary function of this network will be to launch and support decentralized applications. Shibarium will initially support $SHIB, $LEASH and $BONE as...
Dogechain has the same Cup with Handle as Shiba Inu does but Dogechain has not yet begun to move; so if this is to go like Shiba Inu we Should Expect the Big Move to come for Dogechain very soon.
Dogechain appears to be acting similarly to how it did before the first pump as it's formed a Bearish 3 Line Strike Pattern, Broken out of a Parallel Channel, and now it it stands to make a higher low on the Macro and go for an ABCD movement to the upside which would take it to the 1.618 Fibonacci Extension above.
point of maximum financial opportunity ?
obv breaking out
chuvashov fork bullish
emas curling up
might see some fireworks if this thing gets any traction over q4
I have been monitoring this token from the beginning, and probably it will explode soon. The relation of doge (even if the founder has rejected). big CEXs listing (kucoin, huobi global, gate, etc.) and being trending token, help DogeChain for a possibly bull-run.
From now to 0.0009 keep buying.
Target: $1, $1.5
Remember: invest what you can.
Wait for profits....
