I could see an opportunity in dogecoin to short here after proper confirmation
It would be a short trade, if you short do at your own risk.
In short time frame we can enter but soon come out at 6% move.
As of today, October 16, 2024, Dogecoin (DOGE) is experiencing significant bullish activity, currently trading at approximately $0.126 with a notable 10% rise over the past 24 hours.
Several factors are contributing to this uptick, including a general market rally, with major cryptocurrencies like Bitcoin also seeing upward momentum.
Whale activity has spiked, with large transactions contributing to DOGE's recent price surge.
Technical indicators show mixed sentiment, with short-term predictions suggesting further gains could push the price toward $0.14 by the end of October.
Analysts are optimistic about a continued rally, as Dogecoin has shown resilience with 63% positive trading days over the past month.
However, it's important to note that Dogecoin remains volatile, with price swings common due to market speculation and whale movements.
Investors should remain cautious despite the recent upswing, as technical indicators suggest some sell pressure might persist in the short term..
