Doge, together with other alts such as ETH and SOL have not yet made a new high that is justified according to the increases on BTC. After a 45% correction over 2 weeks, DOGE is likely ready for another push up.
This reminds me much of the previous cycle, where alts lagged behind until a few weeks AFTER BTC actually topped out.
Here, you can find much more detail on how to watch the BTC.D chart to call the top
📈LONG: $DOGE (1W)
#DOGEUSDT | #DOGE | #Dogecoin
Current Price $0.33
Market Cap $49.34B
Change 1h -0.79% | 24h +19.59%
Weekly Indicators:
• RSI: 62 - Neutral 🟠
• MACD: 0.07 - Bullish 🟢
• EMA: 0.22 - Trading Above 🟢
Analysis:
After a steep 45% drop, DOGE looks set for a rebound, riding on the wave of BTC's previous peak. Historically, altcoins like DOGE often surge post-BTC hype. The chart suggests a potential for a new upward trend, mirroring past recovery patterns.
Price Targets:
If momentum picks up, DOGE could aim for a short-term target of $0.45. A bullish push might see DOGE testing resistance around $0.60. Keep an eye on overall market sentiment for cues on sustainability.