The DOGE is inferior to the inflation rate of the USD and has a limitless supply, albeit the inflation momentum does diminish over time due to a set distribution pace.
Although the circulating supply is fully unlocked, the total amount of DOGE is already high.
Dogecoin's one-minute block time is inferior to those of other payment processors like VISA.
$DOGEUSD 🐕 has finally reached overbought levels, that haven't been seen since mid-August. To put it bluntly it's been particularly quiet on the $DOGE front. We may have a SHORT opportunity here upcoming and my eyes are peeled on this near term resistance level on the 4hr and breakout of the upper band. Waiting for a confirmation candle as well as RSI to point...
Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here.
The volume weights for today to recreate this exact chart are the following (enter it in symbol...
Just been hodling and accumulating small amounts of DOGE since Elon Musk's Saturday Night Live appearance. Price range has been tightening and we're finally getting some upward momentum and starting to break some long term resistance. I think we may see a bull run going into winter. Can we reach $1?
Dogecoin (DOGEUSD) hit last week the 1W MA200 (orange trend-line) for the first time since the December 07 2020 1W candle. This is the trend-line that (excluding the March 2020 COVID crash), marked the bottom during the previous Bear Cycle.
This idea illustrates DOGE's long-term Cycles in order to get a better understanding of where we stand today. Last week's...
During recessionary economies, the money-classes that take the biggest hits are usually assets - stocks, real-estate, speculative assets, which, yes, also includes NFTs. As they say, during tough times, "cash is king". As we get deeper into it, we're going to see a big shift in the way people use and talk about their money.
For crypto investors out there (or...
With inflation's end nowhere near in sight, the Federal Reserve this week announced more "tough times" ahead - indicating that they're likely to do more interest hikes for the rest of 2022. Inflation rates in the US right now sits around %8-10 - but since CPI reports exclude food and energy prices by design, the "real" inflation rate is likely a lot higher. Most...
Regularly, I will be sharing something a bit different moving forward. I have a single chart of the ten major cryptos based on the volume. This volume determines the weight of each crypto in my analysis. This allows us to have a high-level overview of the market’s major movers in one go.
If you want to try it out yourself, enter the following formula under...
please see wave count of the coin as seen on the chart .we are now in 5th wave to complete bigger 3rd wave .
for get better view please see big picture link
please also see my previous analysis as well
I see a strong buying wave coming. Because we have a large volume with the hammer candle and this indicates the reversal of the bullish trend ,With the appearance of a good signal in RSI
This is what I see and believe
After a huge run Dogecoin needs to step back before its major move.
Wait for 0.05-0.07$ as a fair price area, targets will be beyond imagination of 99% of traders (just comparable with Starships).
DOGECOIN is a very manipulative currency, It is absolutely high risk. Do everything on your own risk