!!! Big news!!!

!!! Big news!!!

DOGE holders, take note!

DOGE has the potential to replicate its strong rally in late 2020 and early 2021!

Although its gains are not as impressive as those of mainstream tokens such as Bitcoin, Solana, and Toncoin over the past year, DOGE has still maintained a solid 83% growth over the past year. Meanwhile, the emerging Meme token WienerAI has attracted the attention of many investors with its $6.4 million pre-sale performance, which makes people wonder: Will there be new Meme tokens that will rise and dominate the market?

From a technical perspective, DOGE's 30-day moving average (orange) has risen strongly and is close to or even expected to exceed its 200-day moving average (blue), which indicates a potential breakout point. At the same time, its relative strength index (purple) has rapidly climbed from 30 yesterday to over 70 today, showing strong buying pressure.

More exciting is that DOGE's trading volume has also increased significantly from $330 million two days ago to $850 million today, showing the market's renewed attention and confidence in the token. After weeks of decline, traders seem to see an opportunity for the token to attract buyers at a low price.

Market analysts believe that DOGE has the potential to replicate its strong rally in late 2020 and early 2021. Although the trend of the token shows that this is not impossible, investors still need to be cautious because each year and each market cycle is accompanied by different fundamentals and macroeconomic variables.

At present, a major uncertainty in the market is the BTC sell-off by Mt. Gox creditors. Next month, the Mt. Gox trustee will return up to $9 billion in BTC, which may have a certain impact on market prices. Therefore, although Dogecoin is currently oversold and the opportunity for market growth may come as the central bank may cut interest rates later this year, its price may still face some pressure in the short term.

However, in the long run, it is expected to rebound to $0.15 and reach a high of $0.2 in the fourth quarter.

#热门话题 #DOGEUSDT #pepe⚡ #WIF王者归来

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