DOGEUSDTIdea: DOGEUSDT Forecast: Correction … DOGEUSDT weekly analysis indicates a stable consolidation phase after recent price fluctuations. Market sentiment remains cautiously optimistic, supported by consistent trading volume and growing community engagement. Whale activity and gradual network development hint at renewed investor interest. The chart structure suggests accumulation, with price stability showing resilience against broader market swings. Overall, Dogecoin maintains a constructive outlook, signaling potential for gradual bullish continuation if buying momentum sustains through the week.
As I mentioned back in July, it hit $0.11 and bounced back up.
I thought it would take time and drop slowly, so I didn’t expect it to go all the way down there in a single move like this.
Normally, when it pierces that deep, it tends to revisit the low again, but looking at the long-term trend, it seems more like it hit bottom to start moving upward—almost like a shakeout of long-position retail investors to prepare for a rise.
I think we’ll get a clearer direction by early November.
What bothers me a bit is Bitcoin. Its technical indicators are outwardly showing a mild downtrend, but very carefully speaking, I personally think a continued uptrend is more likely.
I believe it’s best to make any real judgment after mid-October.
As I’ve said before, I’m leaning slightly more toward the bullish side.
It’s a bit unfortunate. I thought this would take longer, so I pulled out the rest and put it into gold, but it hit $0.11 again this quickly…
If it just goes back to $0.17 before the end of the year, that would be perfect.
For reference, I can even see it going up to $0.8.
However, given how sharply it dropped and bounced, I think that no matter how bad things get, it won’t go lower than this recent bottom at $0.11.
Personally, I see the next low around $0.145.
From a very long-term (monthly chart) perspective, I think the momentum is completely exhausted—but I don’t mean that as a bearish call.
I believe it needs to move sideways between $0.145 as the bottom and around $0.22 until next September.
In any case, my conclusion is that in the worst-case scenario, we’re looking at sideways movement, not a major drop.
DOGEUSDT Idea: DOGEUSDT Forecast: Correction …
